earnings
confidence high
sentiment positive
materiality 0.75
ADP Q3 FY2023 revenue up 9% to $4.9B; EPS $2.51, guidance raised
AUTOMATIC DATA PROCESSING INC
2023-Q3 EPS reported
$6.33
revenue$13,534,400,000
- Revenues $4.9B (+9% YoY); organic constant currency growth 10%.
- Net earnings $1.0B (+12%); adjusted EBIT $1.4B (+14%), margin 27.8% (+110 bps).
- Diluted EPS $2.51 (+14%); adjusted diluted EPS $2.52 (+14%).
- Full-year adjusted diluted EPS guidance raised; Q3 new business bookings and client retention healthy.