The company said that for the 3 months ended September 30, 2024, total revenue increased to $4,832.7 million, up 7% from a year earlier, and net earnings rose to $956.3 million, up 11%.

1. 01

   The company said that for the 3 months ended September 30, 2024, total revenue increased to $4,832.7 million, up 7% from a year earlier, and net earnings rose to $956.3 million, up 11%.

2. 02

   The company said adjusted EBIT rose 13% to $1.2 billion for Q1, and adjusted EBIT margin rose 130 basis points to 25.5%. It added that diluted EPS was $2.34 and adjusted diluted EPS was $2.33 for the same quarter.

3. 03

   ADP said it acquired WorkForce Software for about $1.2 billion in cash on October 15, 2024. The company also said it updated its full-year consolidated revenue growth outlook to 6% to 7% and its adjusted diluted EPS growth outlook to 7% to 9% to reflect the expected impact of the acquisition.

4. 04

   The company said interest on funds held for clients for Q1 rose 26% from a year earlier to $253 million. It said average client funds balances increased 5% to $32.8 billion, and the average interest yield rose 50 basis points to 3.1%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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