automatic data processing (ADP) Key Developments
Automatic Data Processing, Inc. Announces Consolidated Unaudited Earnings Results for Third Quarter and Nine Months Ended March 31, 2015; Provides Earnings Guidance for the Full Year of 2015
Apr 30 15
Automatic Data Processing, Inc. announced consolidated unaudited earnings results for third quarter and nine months ended March 31, 2015. For the quarter, the company reported total revenues of $3,031.7 million, earnings from continuing operations before income taxes of $742.6 million, net earnings from continuing operations of $492.0 million or $1.04 diluted per share, net earnings of $489.6 million or $1.03 diluted per share, compared to the total revenues of $2,825.1 million, earnings from continuing operations before income taxes of $660.8 million, net earnings from continuing operations of $433.2 million or $0.90 diluted per share, net earnings of $521.6 million or $1.08 diluted per share, for the same quarter a year ago.
For the year to date, the company reported total revenues of $8,266.8 million, earnings from continuing operations before income taxes of $1,696.2 million, net earnings from continuing operations of $1,124.0 million or $2.35 diluted per share, net earnings of $1,116.3 million or $2.33 diluted per share, compared to the total revenues of $7,680.8 million, earnings from continuing operations before income taxes of $1,526.3 million, net earnings from continuing operations of $1,012.2 million or $2.09 diluted per share, net earnings of $1,227.1 million or $2.54 diluted per share, for the same period a year ago.
The company anticipates full-year fiscal 2015 revenue growth of approximately 7% compared with the prior forecast of 7% to 8% due to negative pressure from foreign currency translation which is expected to impact full year revenue growth by about two percentage points. Diluted earnings per share from continuing operations is now expected to grow about 14% from $2.58 in fiscal 2014 compared with the prior forecast of 12% to 14%. This forecast anticipates at least 75 basis points of pretax margin expansion from 18.4% in fiscal 2014. The company now anticipates an effective tax rate of 33.7% compared with the prior forecast of 34.2%. Worldwide new business bookings are still anticipated to grow about 10%.
Didlake, Inc. Selects ADP for Human Capital Management Solutions
Apr 15 15
ADP announced that Didlake, Inc. has significantly expanded its relationship with ADP by implementing an array of ADP human capital management solutions, including HR, benefits administration, recruiting management, time and labor management, and payroll.
Async Interview Completes Integration with ADP’s Recruiting Management Product
Apr 15 15
Async Interview has completed integration with ADP’s Recruiting Management product. With the integration, Async Interview’s live video, pre-recorded video, and audio interviewing tools will operate seamlessly within with ADP’s next-generation recruiting solutions, which helps customers better manage the end-to-end talent acquisition process. Customers can now leverage the combined power and customer service of these two solutions by merging the solutions into a streamlined recruitment process. This latest integration allows customers to setup, manage, and conduct digital interviews using the latest digital interviewing processes without jumping back-and-forth between two systems.
ADP AdvancedMD Marketplace Launches to Drive Innovation for Private Practices
Apr 13 15
ADP announced the launch of AdvancedMD Marketplace, which offers private practices a broad array of innovative products and services that operate seamlessly with the ADP AdvancedMD practice management and EHR product suite. Marketplace solution partners now have a platform from which to launch complementary or compatible solutions, and customers can research and access the latest, most powerful solutions for their practices. The ADP Marketplace offers cloud HCM apps and a developer community portal of APIs, allowing companies to seamlessly integrate their ADP workforce information across their business systems. The AdvancedMD Marketplace is an extension of this philosophy and lets private practice physicians discover and purchase applications that naturally complement the AdvancedMD cloud suite. The Marketplace launches with more than 60 products and services, selected for their ability to improve the productivity of practices using AdvancedMD software. AdvancedMD will also make available its own ancillary products, including the free ICD-10 SuccessTracker(TM), AdvancedInsight(TM), CBO (Central billing office), ClaimInspector(TM), ICD-10 Toolkit app, and mobile iPad and iPhone apps.
Automatic Data Processing, Inc. Declares Regular Quarterly Dividend, payable July 1, 2015
Apr 8 15
The board of directors of Automatic Data Processing, Inc. has declared a regular quarterly dividend of 49 cents per share payable July 1, 2015 to shareholders of record on June 12, 2015.