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.
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.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Accenture (ACN) to report Q2 2025 results Thursday. Here’s what to expect
Accenture plc, (NYSE: ACN) is preparing to publish its second-quarter results this week, amid expectations for a year-over-year increase in revenue and profit. The professional services company had a strong
What to expect when Dollar Tree (DLTR) reports Q4 2024 earnings results
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) gained over 1% on Monday. The stock has dropped 6% over the past three months. The discount store chain is scheduled to report
MU Earnings Preview: Strong Q2 results in cards amid growing AI demand
Micron Technology, Inc. (NASDAQ: MU) is uniquely positioned to capitalize on the AI wave sweeping the tech industry, leveraging its high-bandwidth-memory products designed for massive data processing tasks. The company
