ADP (ADP) Tops Q4 EPS by 2c, Offers Outlook
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ADP Reports Fourth Quarter and Fiscal 2018 Results; Provides Fiscal 2019 Outlook
August 1, 2018 7:00 AM EDTRevenues increased 8% to $13.3 billion for the year, 6% organic constant currencyWorldwide new business bookings increased 18% in the fourth quarter; 8% for the yearEmployer Services client revenue retention increased 50 basis points to 90.4% for the yearDiluted earnings per share decreased 5% to $3.66 for the year; adjusted diluted earnings per share increased 18% to $4.35Forecasting fiscal 2019 adjusted diluted earnings per share to increase 13% to 15%, as compared to $4.53 pro-forma fiscal 2018 adjusted diluted earnings per share, which includes adjustments for the impact of the new revenue recognition accounting standard
ROSELAND, N.J., Aug. 01, 2018 (GLOBE NEWSWIRE) -- ADP®... More
