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ADP Surpasses Earnings Expectations, Touts 7% Increase In Employer Services Revenue

Automatic Data Processing, Inc (NASDAQ:ADP) reported fiscal fourth-quarter 2024 revenues of $4.77 billion, beating the analyst consensus estimate of $4.74 billion. Revenues increased 6% year-over-year.  The human resources management software company reported quarterly adjusted EPS of $2.09, beating the analyst consensus estimate of $2.06. Employer Services revenues increased 7% to $3.22 billion. PEO Services revenues increased 6% to $1.55 billion. Adjusted EBIT increased 10% to $1.1 billion, and adjusted EBIT ...