ADP (ADP) Declares $0.69 Quarterly Dividend; 2.1% Yield
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ADP (ADP) Tops Q4 EPS by 2c, Offers Outlook
August 1, 2018 7:02 AM EDTADP (NASDAQ: ADP) reported Q4 EPS of $0.92, $0.02 better than the analyst estimate of $0.90. Revenue for the quarter came in at $3.32 billion versus the consensus estimate of $3.3 billion.
Fiscal 2019 Outlook
The following outlook reflects the impact of certain changes to ADPs segment reporting as well as the adoption of ASC 606, Revenue from Contracts with Customers. Accordingly, comparisons to fiscal 2018 results refer to pro-forma fiscal 2018 financials using the same methodology. Please see the included bridge of... More
ADP (ADP) Acquires Celergo
August 1, 2018 7:01 AM EDTADP (NYSE: ADP) today announced that it has acquired Celergo, a leading provider of global payroll management services. The acquisition will enhance ADP's international payroll offerings with a strong platform and new solutions, including cross-currency and expatriate payment services.
Founded in 2003 and headquartered in Chicago, Celergo offers multi-country payroll in 150 countries and combines a proprietary cloud-based technology platform with a local provider network to enable timely, accurate and compliant payroll. With comprehensive solutions and an attractive financial profile, Celergo has steadily grown its client base, geographic coverage and... More
