Automatic Data (ADP) Q4 Earnings Beat on Segmental Performance

Automatic Data Processing (ADP) delivered robust results in the fourth quarter of fiscal 2024, driven by broad-based strengths in employer services with exceptional new business bookings, better-than-expected retention and stable pay-per-control growth. ADP's earnings per share of $2.1 surpassed the consensus mark by 1%. It increased 10.6% on a year-over-year basis. The company's revenues of$ 4.8 billion surpassed the Zacks Consensus Estimate by a slight margin. The top line gained 6.5% from the year-ago qu ...