Automatic Data Processing Q2 Profit Increases

ROSELAND (dpa-AFX) - Automatic Data Processing, Inc. (ADP) posted second-quarter net earnings of $375 million or $0.76 per share versus $310.1 million or $0.62 per share reported a year ago. Total revenues for the quarter rose year-over-year to $2.58 billion from $2.41 billion. Analysts polled by Thomson Reuters expected the company to earn $0.68 per share on revenues of $2.58 billion for the quarter. Analysts' estimates typically exclude special items. Carlos Rodriguez, president and chief executive officer, said, 'ADP's results were solid for the second quarter. I am particularly pleased with our sales execution that drove strong new business sales growth for Employer Services and PEO Services for the quarter.'

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