ADP reports Q1 FY2023 revenue up 10% to $4.2B; raises full-year guidance

AUTOMATIC DATA PROCESSING INC

2023-Q1 EPS reported $1.87 revenue$4,215,600,000

Revenue $4.2B (+10% YoY); organic constant currency growth 11%.
Adjusted EPS $1.86 (+13%); adjusted EBIT margin 24.1% (+30 bps).
Net earnings $779M (+11%); diluted EPS $1.87 (+13%).
Raised full-year guidance for revenue, adjusted EBIT margin, and adjusted EPS.
Exceeded 1 million client milestone during the quarter.

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