And the company saw that pattern in both its payroll and PEO lines. That came as the company moved towards more normal operations. Most sales people have conducted some in-person meetings, according to CEO Carlos Rodriguez. “We also reopened additional sales offices in this quarter, and our current plan is to have most of our major U.S. sales offices back open by the end of September,” Rodriguez said during the week’s earnings webcast. Fourth quarter net income rose to $382 million for the most recently ended period from $411.5 million. Revenue for the period was $3.74 billion, compared to $3.38 billion in last year’s correspond period. Net income for fiscal 2021 was $2.6 billion, up from $2.47 billion the prior year. Revenue for the most recently ended year was slightly more than $15 billion, compared to $14.59 billion. Payroll revenue for the fourth quarter was $2.53 billion, an increase of 10 percent from last year’s corresponding period. Employer Services produced $10.billion in revenue for 2021, up 11 percent from $10.09 billion the prior year.  Overall, ADP ended the year with 920,000 clients, 7-percent more than the 860,000 it had at the end of 2020.

Bob Scott

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Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind