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.
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(END) Dow Jones Newswires