ROSELAND (dpa-AFX) - Automatic Data Processing, Inc. (ADP), a provider of cloud-based human capital management solutions, on Wednesday reported its higher net income in the third quarter compared with the previous year.
For the third quarter, net income increased to $1.36 billion from $1.25 billion in the previous year.
Earnings per share were $3.38 versus $3.06 last year.
Adjusted net income increased to $1.36 billion from $1.25 billion in the previous year.
Adjusted earnings per share were $3.37 versus $3.06 last year.
Adjusted EBIT rose to $1.79 billion from $1.63 billion in the prior year.
Revenue increased to $5.94 billion from $5.55 billion in the previous year.
Looking ahead, the company now expects growth of 6% to 7% compared to the previously expected growth of 6%
Earnings per share for the fiscal year 2026 is anticipated to grow 10% to 11%, from the previously expected growth of 9% to 10%.
Adjusted earnings per share is expected to grow 10% to 11%, from the previously expected growth of 9% to 10%.
In the pre-market trading, 4.06% higher at $207.25 on the Nasdaq.
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