With interest rate cuts on the horizon, investors can turn to software stocks for growth in 2024. Global software spending is rising with AI being a fundamental driver to the rising demand of software and IT solutions for businesses. Gartner forecasts worldwide IT spending to reach $5 trillion in 2024, an increase of 6.8% from 2023.   Software companies are pivotal to businesses day to day operations across many different industries. The market opportunities in generative AI also present a compelling reason ...

Automatic Data Processing, Inc. (NASDAQ:ADP) Q2 2024 Earnings Conference Call January 31, 2024 8:30 AM ET Company Participants Maria Black - President & CEO Don McGuire - CFO Danny Hussain - VP, IR Conference Call Participants Mark Marcon - Robert W. Baird James Faucette - Morgan Stanley Ramsey El-Assal - Barclays Bryan Keane - Deutsche Bank Scott Wurtzel - Wolfe Research Bryan Bergin - TD Cowen Samad Samana - Jefferies Group Kevin Mcveigh - UBS Tien-Tsin Huang - J.P. Morgan Dan Dolev - Mizuho Securities Pe ...

January Jobs Week continues this morning, even as we’re only just closing out the month today. Private-sector payrolls reported by Automatic Data Processing ((ADP) came in below estimates: 107K versus 150K expected, and beneath the previous month’s downwardly revised 158K. We’ve now spent a full six months sub-200K private-sector job gains per month. Typically, the breakdown was 30K new private-sector jobs in goods producing and 77K in services.Based on company size, small firms (fewer than 50 employees) ga ...

Automatic Data Processing, Inc. (ADP)  reported impressive second-quarter fiscal 2024 results, wherein both earnings and revenues beat their respective Zacks Consensus Estimate.Adjusted earnings per share (EPS) of $2.13 beat the consensus estimate by 1.4% and grew 8.7% from the year-ago quarter’s figure.Total revenues of $4.67 billion surpassed the consensus estimate by 0.2% and improved 6.3% from the year-ago quarter’s reading on a reported basis as well as at cc.SegmentsEmployer Services’ revenues of $2.9 ...

January Jobs Week continues this morning, even as we’re only just closing out the month today. Private-sector payrolls reported by Automatic Data Processing (ADP) came in below estimates: 107K versus 150K expected, and beneath the previous month’s downwardly revised 158K. We’ve now spent a full six months sub-200K private-sector job gains per month. Typically, the breakdown was 30K new private-sector jobs in goods producing and 77K in services.Based on company size, small firms (fewer than 50 employees) gai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 10-Q ______________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 1-5397 __________________________ AUTOMATIC DATA PROCESSING, INC. (Exact name of registrant as specified in it ...

For the quarter ended December 2023, Automatic Data Processing (ADP) reported revenue of $4.67 billion, up 6.3% over the same period last year. EPS came in at $2.13, compared to $1.96 in the year-ago quarter.The reported revenue represents a surprise of +0.16% over the Zacks Consensus Estimate of $4.66 billion. With the consensus EPS estimate being $2.10, the EPS surprise was +1.43%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...

Comprehensive AI solution transforms ADP's vast work data into actionable insightsROSELAND, N.J., Jan. 31, 2024 /PRNewswire/ -- ADP®, a leading global technology company providing human capital management (HCM) solutions, announces the availability of ADP Assist, a cross-platform solution powered by generative AI (GenAI). ADP Assist enhances HR productivity, aids decision-making with data-driven insights, and streamlines day-to-day tasks for practitioners, managers, employees and executives with simple, hum ...

ADP Earnings Call & Webcast Q2 Fiscal 2024 January 31, 2024 Copyright © 2024 ADP, Inc. Forward Looking Statements This document and other written or oral statements made from time to time by ADP may contain “forward-looking statements” withinthe meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be identified by the useofwords like “outlook,” “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could,” “is desig ...

Market performance today was less than stellar, but nothing worth worrying too much about: the S&P 500 was flat all day following yesterday’s close notching its sixth all-time high so far this year, -0.06%. The Dow actually gained +133 points, +0.35%, but it was alone in the green today: the Nasdaq sold off -118 points, -0.76%, while the small-cap Russell 2000 was down a similar -0.71%.December Job Openings and Labor Turnover Survey (JOLTS) showed some mixed results earlier today: while job openings rose ba ...