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Computerized Knowledge Processing, Inc ADP reported fiscal fourth-quarter 2024 revenues of $4.77 billion, beating the analyst consensus estimate of $4.74 billion. Revenues elevated 6% year-over-year.
The human assets administration software program firm reported quarterly adjusted EPS of $2.09, beating the analyst consensus estimate of $2.06.
Employer Providers revenues elevated 7% to $3.22 billion.
PEO Providers revenues elevated 6% to $1.55 billion.
Adjusted EBIT elevated 10% to $1.1 billion, and adjusted EBIT margin elevated 80 bps to 23.3%.
Web earnings elevated 7% Y/Y to $829 million, and adjusted web earnings elevated 10% Y/Y to $858 million.
ADP held $2.91 billion in money and equivalents as of June 30.
“Employer Providers new enterprise bookings progress got here in on the high-end of our expectations, and consumer satisfaction reached a brand new all-time excessive for the yr,” ADP CEO Maria Black mentioned. “These outcomes replicate the ability of our revolutionary human capital administration (HCM) options and the collective efforts of our gifted associates who ship unmatched service for our shoppers every day.”
FY25 Outlook: ADP projected income progress outlook of 5%—6%, versus the consensus of $20.24 billion, and adjusted diluted EPS progress of 8%—10%, versus the consensus of $9.97.
Value Motion: ADP shares are buying and selling greater by 0.88% to $260.00 premarket at the final test Wednesday.
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