ADP Reports Second Quarter Fiscal 2015 Results

  • Total revenues from continuing operations increased 7% to $2.7 billion, nearly all organic
  • Diluted earnings per share from continuing operations increased 8% to $0.70 per share
  • Worldwide new business bookings increased 15% compared to last year’s second quarter
  • ADP acquired 5.2 million shares of its stock for treasury at a cost of $436 million in the quarter

ADP today announced its second quarter fiscal 2015 financial results. Compared to last year’s second quarter, revenue grew 7% to $2.7 billion, nearly all organic, and pretax earnings grew 8%. Growth in revenue and pretax earnings were negatively impacted one percentage point by unfavorable foreign currency translation. Pretax margin expanded 30 basis points in the quarter which included a negative impact of about 20 basis points from the client funds extended investment strategy.

Net earnings from continuing operations increased 6% on a higher effective tax rate compared with last year’s second quarter. Diluted earnings per share from continuing operations increased 8% to $0.70 on fewer shares outstanding, and was negatively impacted about one cent from unfavorable foreign currency translation. Worldwide new business bookings grew a solid 15%, representing annualized recurring revenues anticipated from new orders. Officail Press Release Read More

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