ADP registered a 5-percent increase in net income on 7 percent rise in revenue. Net income was $423.8 million for the most recently ended period, up from $403.6 million. Third-quarter revenue reached $2.74 billion, compared to $2.44 billion in last year's corresponding period. The company noted the increases stemmed from better-than-anticipated wage growth, higher net pay and pays per control.
Excluding acquisitions, revenue from employer services, the payroll side of ADP's business, is expected to rise 5 percent to 6 percent, an increase of the prior forecast of roughly 5-percent growth. Including acquisitions, growth is expected to hit about 7 percent.Last modified on Sunday, 02 June 2013