This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ADP Reports First Quarter Fiscal 2014 Results

ROSELAND, N.J., Oct. 30, 2013 (GLOBE NEWSWIRE) -- ADP ® (Nasdaq:ADP) today announced its first quarter fiscal 2014 financial results, highlights are below.
  • ADP reported revenue growth of 8%, 7% organic, to $2.8 billion for the first fiscal quarter ended September 30, 2013.
  • Pretax and net earnings from continuing operations increased 7% and 9%, respectively.
  • Diluted earnings per share from continuing operations of $0.68 increased 10% from $0.62 a year ago.
  • ADP acquired 4.2 million shares of its stock for treasury at a cost of $303 million in the quarter.
  • ADP hosted its first ever "Innovation Day" showcasing the company's latest Human Capital Management (HCM) enhancements and announced plans to expand its Innovation Lab to New York's "Silicon Alley."
  • ADP was named to Forbes' list of World's Most Innovative Companies for the third consecutive year and also was named a Leader in Multi-Process Human Resources Outsourcing by Everest Group.

"ADP's business model is strong, and as a leading global Human Capital Management solutions provider, we are focused on driving product innovation and enhancing our distribution and service capabilities," said Carlos Rodriguez, president and chief executive officer, ADP. "Our focus on innovation is apparent as we continue to bring to market exciting new enhancements to our portfolio of integrated Human Capital Management solutions for both mid-sized and large employers. Most recently we introduced data-driven analytics and document management in the cloud, and enhanced ADP's Mobile Solutions App. Additionally, we launched ADP Recruiting Management, a unified next-generation platform that addresses the talent management needs of our clients by engaging social and mobile users, an important part of the recruitment landscape."

"ADP's first quarter results were solid," said Jan Siegmund, chief financial officer, ADP. "I am particularly pleased with our revenue growth of 8%. Each of our business segments performed well, driving solid revenue growth and pretax margin expansion. We reaffirm our full year fiscal 2014 financial guidance."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.44 -0.95%
GOOG $692.33 -0.84%
TSLA $232.32 -3.92%
YHOO $36.02 -1.40%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs