Seeking Alpha

Automatic Data Processing, Inc. beats by $0.01, beats on revenue

  • Automatic Data Processing, Inc. (ADP): FQ2 EPS of $0.78 beats by $0.01.
  • Revenue of $3B (+9.1% Y/Y) beats by $60M.
  • Press Release

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Comments (1)
  • dbt01
    , contributor
    Comments (592) | Send Message
     
    ADP is a good play on rising interest rates and/or a better economy. As interest rates rise, they make more money on the money they hold for client payments (over $18B worth). As the economy improves, more people on payroll means more revenue to ADP
    5 Feb 2014, 07:51 AM Reply Like
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