ADP raises full-year outlook after strong third-quarter results
Updated
Updated · The Wall Street Journal · Apr 29
ADP raises full-year outlook after strong third-quarter results
7 articles · Updated · The Wall Street Journal · Apr 29
ADP now expects full-year revenue growth of 6%-7% and adjusted earnings up 10%-11%, following a Q3 profit of $1.36 billion and revenue of $5.94 billion.
The company’s Q3 adjusted earnings per share reached $3.37, surpassing analyst expectations, while shares rose 4.4% in premarket trading.
ADP attributes its improved outlook to robust financial performance and ongoing investments in artificial intelligence to expand payroll and workplace services, reinforcing its confidence in future growth.
How will ADP prove its AI investment directly boosts profits, not just hype its stock?
Is ADP's success a true sign of an economy-wide, AI-driven productivity boom?
Can ADP's AI strategy fix its reputation for high costs and a complex interface?
Will ADP's new AI features come with hidden costs for existing clients?
How will ADP prevent AI bias in pay and hiring decisions for millions of workers?
ADP's AI automates HR tasks. Is this augmenting human workers or replacing them?