Summary

Automatic Data Procs Misses

Automatic Data Procs (ADP) reported 2nd Quarter December 2022 earnings of $1.96 per share on revenue of $4.4 billion. The consensus earnings estimate was $1.95 per share on revenue of $4.4 billion. The Earnings Whisper number was $1.97 per share. Revenue grew 9.1% on a year-over-year basis.

The company said in its earnings presentation it continues to expect fiscal 2023 earnings of $8.06 to $8.20 per share on revenue of $17.82 billion to $17.98 billion. The current consensus earnings estimate is $8.12 per share on revenue of $17.91 billion for the year ending June 30, 2023.

Automatic Data Processing is the provider of technology-based outsourcing solutions to employers and vehicle retailers and manufacturers.

Earnings Release

ADP Reports Second Quarter Fiscal 2023 Results

ROSELAND, N.J., Jan. 25, 2023 /PRNewswire/ -- ADP (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, today announced its second quarter fiscal 2023 financial results along with its revised fiscal 2023 outlook through an earnings release available on the company's website at investors.adp.com/events-and-presentations. This earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Current Report on Form 8-K and available at sec.gov.

As previously announced, ADP will host a conference call for financial analysts today, Wednesday, January 25, 2023 at 8:30 a.m. ET. The conference call will be webcast live on ADP's website at investors.adp.com and will be available for replay following the call. A slide presentation accompanying the webcast is also available at investors.adp.com/events-and-presentations.

Supplemental financial information including schedules of quarterly and full year reportable segment revenues and earnings for fiscal years 2021, 2022, and 2023 are posted to ADP's website at investors.adp.com. ADP news releases, current financial information, SEC filings and Investor Relations presentations are accessible at the same website.

About ADP (Nasdaq: ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com.

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.

ADP-Investor Relations

Investor Relations Contacts:

Danyal Hussain, CFA
973.974.7836
Danyal.Hussain@adp.com

Matthew Keating, CFA
973.974.3037
Matthew.Keating@adp.com

ADP-Media

Media Contact:
Allyce Hackmann
201.400.4583
Allyce.Hackmann@adp.com

Source: Automatic Data Processing, Inc.

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SOURCE ADP - IR