Automatic Data Processing reported fiscal fourth-quarter revenue of $5.47 billion, up 6.8% year over year, and earnings per share of $2.64, compared to $2.26 a year ago. Revenue exceeded the Zacks Consensus Estimate of $5.43 billion by 0.87%, while EPS beat the consensus of $2.59 by 1.93%. Employer Services segment revenue came in at $3.7 billion, slightly above the $3.67 billion analyst estimate, and PEO Services revenue was $1.78 billion, matching estimates. Interest on funds held for clients rose 15.5% to $355.4 million, also topping the $340.62 million consensus.
Automatic Data Processing IncADP reported Q4 revenue and EPS above consensus estimates, with revenue up 6.8% YoY and EPS beating by 1.93%.