ADP reports Q2 FY2023 revenue $4.4B (+9%); adjusted EPS $1.96 (+19%), guidance reaffirmed

AUTOMATIC DATA PROCESSING INC

2023-Q2 EPS reported $3.82 revenue$8,606,600,000

Revenue increased 9% to $4.4B; organic constant currency growth 10%.
Net earnings up 17% to $813M; adjusted net earnings up 17% to $815M.
Adjusted EBIT margin expanded 120 bps to 24.3%; adjusted EBIT up 15% to $1.1B.
Diluted EPS $1.95 (+18%); adjusted diluted EPS $1.96 (+19%).
Full-year FY2023 guidance maintained: revenue growth 8%-9%, adjusted EPS growth 15%-17%.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AUTOMATIC DATA PROCESSING INC reported the second quarter ended December 31, 2022 results: revenue $4.4 billion, net income $813 million, EPS $1.95. Guidance reaffirmed.

Period: the second quarter ended December 31, 2022
Revenue: $4.4 billion
Net income: $813 million
EPS: $1.95
Guidance: reaffirmed
Result: reported results

Exact text from the filing

ADP Reports Second Quarter Fiscal 2023 Results • Revenues increased 9% compared to last year's second quarter to $4.4 billion; 10% organic constant currency • Net earnings increased 17% to $813 million, and adjusted net earnings increased 17% to $815 million • Adjusted EBIT increased 15% to $1.1 billion, and adjusted EBIT margin increased 120 basis points to 24.3% • Diluted earnings per share ("EPS") increased 18% to $1.95; adjusted diluted EPS increased 19% to $1.96 • Maintaining full year guidance for 8% to 9% revenue growth and 15% to 17% adjusted diluted EPS growth

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accession 0000008670-23-000002

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