$ADP (Automatic Data Processing Inc)

$ADP {{ '2015-10-28T12:28:21+0000' | timeago}} • Announcement

$ADP still expects FY16 adjusted EPS growth at 12-14% or 13-15% on constant dollar basis. $ADP narrowed 2016 revenue growth outlook to 7-8% from previous forecast of 7-9%, due to divestiture of AdvancedMD business. This revenue forecast includes expected negative impact of 1-2 percentage points on unfavorable foreign currency translation.

$ADP {{ '2017-07-19T13:59:14+0000' | timeago}} • Announcement

$ADP released the ADP Workforce Vitality Report which stated that overall wage growth increased by 2.3% YoY across all industries in 2Q17 and is higher than the 1.8% growth in wages reported by the US Bureau of Labor Statistics. Job holders' wages grew by 4.4% and job switchers' wages grew slightly less by 3.4% YoY in 2Q17.

$ADP {{ '2017-07-17T17:06:46+0000' | timeago}} • Announcement

Infor said it is collaborating with $ADP to offer new value added services and best-practice processes to Infor's U.S. Human Capital Management (HCM) customers. $ADP integration offers flexible solution to help reduce costs and lift compliance for Infor HCM customers.

$ADP {{ '2017-05-03T18:02:17+0000' | timeago}} • Webcast

$ADP stated that its long-term expectation for organic growth is 79% driven by growth of new business bookings in the range of 8-10%.

$ADP {{ '2017-05-03T17:46:38+0000' | timeago}} • Webcast

$ADP said the lowered bookings guidance for FY17 from flat (as earlier predicted) to down 5-7% is possibly due to slowdown in decision making process. It added that economy is not a contributing factor to this as their downmarket operations remained robust during 3Q17.

$ADP {{ '2017-05-03T11:56:11+0000' | timeago}} • Announcement

$ADP still sees FY17 Employer Services segment revenue growth of about 3-4% and margin expansion of 25-50 basis points. $ADP still expects pays per control to increase 2.5% for the year. For the PEO Services segment, $ADP continues to anticipate about 13% revenue growth and margin expansion of at least 100 basis points.

$ADP {{ '2017-05-03T11:56:00+0000' | timeago}} • Announcement

$ADP lowered FY17 adjusted effective tax rate outlook to 31.4% from 32.4%, reflecting the tax benefits received in 3Q. $ADP now sees 2017 EPS from continuing operations growth of 17-18% and adjusted EPS growth of 13-14%. The forecast still assumes FY17 share repurchases of $1.2-1.4Bil funded by existing balance sheet cash.

$ADP {{ '2017-05-03T11:55:45+0000' | timeago}} • Announcement

$ADP now assumes FY17 worldwide new business bookings to decrease 5-7% when compared to the $1.75Bil sold in FY16, compared to the prior forecast of about flat. $ADP still sees 2017 revenue growth of about 6% which includes about 1 point of pressure from the disposition of CHSA and COBRA businesses, and impacts from foreign currency.

$ADP {{ '2017-05-03T11:55:29+0000' | timeago}} • Announcement

$ADP reported a rise in 3Q17 earnings driven by strong new business bookings performance on robust demand for Affordable Care Act solutions as well as higher revenue. Net income rose to $587.9MM or $1.31 per share from $532.5MM or $1.17 per share last year. Revenue grew to $3.41Bil from $3.25Bil.

$ADP {{ '2017-04-05T18:15:31+0000' | timeago}} • Announcement

The BoD of $ADP has declared a regular quarterly dividend of 57 cents per share, payable July 1, 2017 to shareholders as on June 9, 2017.

$HQY {{ '2017-03-28T13:31:19+0000' | timeago}} • Announcement

$HQY appointed Bill Otten as EVP of Sales, and Gary Robinson as EVP and Chief Marketing Officer. Most recently, Otten was division VP of sales for the Value Added Services of $ADP. Most recently, Robinson was EVP of sales and business development for HealthTap, Inc.

$ADP {{ '2017-02-01T16:01:55+0000' | timeago}} • Webcast

In terms of ADP Mobile Solutions application, $ADP announced the number of users has surpassed the 10MM mark. The company said its mobile solutions app is the most downloaded app in the Human Capital Management (HCM) market with users spanning 200 countries.

$ADP {{ '2017-02-01T16:01:21+0000' | timeago}} • Webcast

During 2Q17, $ADP experienced a decline of 5% in new business bookings compared to a strong 2Q16. This decline reflects a continued difficult grow-over related to the tailwinds from FY16 sales of additional modules related to the Affordable Care Act.

$ADP {{ '2017-02-01T13:52:23+0000' | timeago}} • Announcement

On Jan. 2017, $ADP acquired The Marcus Buckingham Company, Inc. for total cash consideration at closing of approximately $70MM, and contingent consideration of up to $35MM, which is payable over the next three years, subject to the achievement of specified financial metrics and/or other conditions.

$ADP {{ '2017-02-01T13:48:46+0000' | timeago}} • Announcement

$ADP assumes worldwide new business bookings to be about flat with the $1.75Bil sold in FY16. The company anticipated FY17 revenue growth to be about 6% versus 7-8% growth in FY16 and FY17 diluted EPS to grow about 15-17% and adjusted EPS to grow about 11-13%.

$ADP {{ '2017-02-01T13:45:16+0000' | timeago}} • Announcement

Payroll services company $ADP reported higher 2Q17 earnings, helped by higher revenues. The company reported net earnings of $510MM, or $1.13 per share, compared to $314.4MM, or $0.74 per share during 2Q16. Revenues rose 6% YoverY to $3Bil. Excluding items, $ADH earned $0.85 per share, up 20% compared to 2Q16.

$ADP {{ '2017-01-17T15:02:26+0000' | timeago}} • Announcement

$ADP acquired The Marcus Buckingham Company (TMBC), an innovator in human capital management (HCM), to bring to $ADP clients a more scientific approach to employee engagement and performance.

$ADP {{ '2016-11-08T21:06:20+0000' | timeago}} • Announcement

$ADP approved a $0.04 increase in the quarterly cash dividend to an annual rate of $2.28 per share.  This increased quarterly dividend will be distributed on January 1, 2017 to shareholders of record at December 9, 2016.

$ADP {{ '2016-11-02T17:33:16+0000' | timeago}} • Webcast

$ADP is reaffirming its FY17 Employer Services segment revenue growth guidance of 4-5% and maintaining its PEO Services revenue growth guidance at 14-16%. On a segment level, $ADP expects margin expansion in Employer Services of about 50 BP and also expects about a 75 BP margin expansion in PEO Services in FY17.

$ADP {{ '2016-11-02T17:26:55+0000' | timeago}} • Webcast

In Employer Services segment, $ADP's revenue rose 6% in 1Q17, and the company is seeing solid revenue growth and margin growth outside the US. Margin for the segment rose about 230 BP, driven by slower growth in selling expenses. In PEO Services segment, revenue grew 13%, with avg. worksite employees growing 13% to 439,000 employees.

$ADP {{ '2016-11-02T17:26:02+0000' | timeago}} • Webcast

$ADP stated that on new bookings, the company was flat in 1Q17, compared to the year ago, in line with expectations. For the year, the company added that it continues to expect 4-6% bookings growth.

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