ADP beats estimates as strong job market aids demand for payroll services

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Explore stories from Atlantic Canada.

Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotia - Payroll processor Automatic Data Processing beat estimates for third-quarter revenue and profit on Wednesday, driven by steady demand for its payroll software and new bookings.

U.S. job growth accelerated from January through March, and the resilient demand has encouraged businesses to hire and retain employees, resulting in customers spending on payroll software including employee management services offered by companies like ADP."Healthy new business bookings and client retention contributed to our strong results," said CEO Maria Black.

The company's revenue stood at $5.25 billion for the quarter ended March 31, compared with analysts' estimates of $5.23 billion, according to LSEG data.Revenue at company's employer services segment, which handles human resources outsourcing and employee management solutions, rose 8% to $3.59 billion from a year earlier.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Starting on time crucial for N.L.'s crab fishery stability: Market analyst says delays would be 'very damaging' economicallyExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »