ADP Expects Fiscal-Year 2022 Revenue to Rise Between 6% and 7%
July 28 2021 - 7:55AM
Dow Jones News
By Allison Prang
Automatic Data Processing Inc. said Wednesday it is guiding for
revenue to rise between 6% and 7% in fiscal-year 2022, compared
with revenue of $15.01 billion in the previous fiscal year.
According to FactSet, analysts are expecting ADP to report
fiscal-year 2022 revenue of $15.87 billion. ADP expects employer
services revenue to rise between 4% and 6% and for PEO services
revenue to rise between 9% and 11%.
The company expects adjusted earnings to rise between 9% and
11%. They were $6.02 a share for the 2021 fiscal year. Analysts are
expecting $6.54 a share.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
July 28, 2021 07:40 ET (11:40 GMT)
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