ADP announced its first quarter fiscal 2025 financial results, reporting net income of $2.34 per share, with adjusted earnings reaching $2.33 per share. These figures surpassed Wall Street expectations, demonstrating solid performance for the period.
The company also raised its forecast for fiscal 2025 revenue growth, attributing the improved outlook to the expected benefits from its recent acquisition of WorkForce Software. This strategic acquisition, valued at approximately $1.2 billion in cash, is anticipated to contribute positively to future revenue streams.
ADP's results reflect healthy payroll and human resource spending, supported by a stable labor market and a decline in layoffs. The strong demand for its employee management and payroll services, particularly from small and medium-sized businesses, contributed to the positive financial performance.
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