ADP Reports Fourth Quarter and Fiscal 2015 Results; Provides Fiscal 2016 Forecast
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ADP (ADP) Misses Q4 EPS by 5c
July 30, 2015 7:02 AM EDTADP (NASDAQ: ADP) reported Q4 EPS of $0.55, $0.05 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.74 billion.
ADP anticipates full-year fiscal 2016 revenue growth of 7% to 9% compared to fiscal 2015 revenue of $10.9 billion.
"ADP had another successful year, demonstrating that our strategy to drive sustainable growth is working," said Carlos Rodriguez, president and chief executive officer, ADP. "Our strong new business bookings growth across the ADP portfolio exceeded our expectations. This outperformance reflects the high demand for additional HCM solutions, including products that assist... More
