ADP Raises Fiscal Year 2022 Guidance
January 26 2022 - 07:58AM
Dow Jones News
By Will Feuer
Automatic Data Processing Inc. raised its guidance for the
fiscal year 2022, saying it now expects full-year revenue to grow
8% to 9% and adjusted earnings to grow by 12% to 14%.
The company had previously forecast revenue growth of between 7%
and 8% and adjusted earnings of 11% to 13%.
It expects revenue from its employer services segment to grow by
about 6%, while revenue from its PEO services segment is seen
growing between 13% and 15%, the company said.
The guidance is based on an adjusted effective tax rate of about
22.5%.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 26, 2022 07:43 ET (12:43 GMT)
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