By Allison Prang 
 

Automatic Data Processing Inc.'s (ADP) profit climbed as revenue rose more than expected and faster than costs increased.

ADP reported a profit of $582.4 million, or $1.34 a share, compared with $505.4 million, or $1.15 a share, a year ago. Adjusted earnings were $1.34 a share. Profit beat analysts' estimates.

Revenue increased 5.6% to $3.5 billion. Analysts were expecting $3.52 billion.

Expenses rose 5%.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

October 30, 2019 07:34 ET (11:34 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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