31.01.2024 13:23:52 - dpa-AFX: ADP Continues To Project FY24 Adj. EPS Growth Of 10% To 12%

ROSELAND (dpa-AFX) - ADP (ADP) said, for fiscal 2024, the company expects:
EPS growth of 10% to 12%; adjusted EPS growth of 10% to 12%; and revenue growth
of 6% to 7%. The company said it is well-positioned for steady growth over the
remainder of the year.

Don McGuire, CFO, ADP, said: 'We remain committed to improving profitability
while continuing to invest consistently to position ourselves to deliver
long-term sustainable growth for our shareholders.'

Second quarter net earnings increased 8% to $878 million. EPS increased 9% to
$2.13. Adjusted EPS increased 9% to $2.13. Analysts on average had expected the
company to earn $2.10 per share, according to figures compiled by Thomson
Reuters. Analysts' estimates typically exclude special items.

Second quarter revenues increased 6% to $4.7 billion and 6% on an organic
constant currency basis. Analysts on average had estimated $4.66 billion in
revenue.

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