Categories AlphaGraphs, Earnings, Technology

Automatic Data Processing (ADP) Q2 2023 earnings snapshot

Automatic Data Processing, Inc. (NASDAQ: ADP) has announced financial results for the second quarter of 2023, reporting higher earnings and revenues. The technology company also provided guidance for fiscal 2023.

Automatic Data Processing Q2 2023 earnings infographic

Second-quarter net income was $813.1 million or $1.95 per share, compared to $694.4 million or $1.65 per share in the same period of last year. Adjusted earnings moved up 19% year-over-year to $1.96 per share.

Driving the bottom-line growth, second-quarter revenues advanced 9% annually to $4.39 billion. The management expects full-year revenue to grow between 8% and 9%.

“As businesses continue to navigate the uncertainty of today’s macroeconomic environment, we remain focused on listening to our clients’ needs and delivering the solutions that will enable their success. I am proud of our dedicated associates who deliver on ADP’s mission each day and always strive to put the client at the center of every decision,” said ADP’s CEO Maria Black.

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