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PEO revenue rises 20.2% at ADP

May 02 2008

Professional employer organization revenue rose 20.2% in the fiscal third quarter at Automatic Data Processing Inc. (NYSE: ADP). The Roseland NJ company reported today that third-quarter PEO revenue was $297.7 million, up from $247.6 million in the same period in the previous year.

The number of worksite PEO employees in the third quarter rose 17% year-over-year to approximately 181,000.

Overall third-quarter revenue at ADP rose 11.8% to $2.42 billion. Net income increased 6.4% to $413.6 million.

Automatic Data Processing Inc. (NYSE: ADP)
For the third quarter ended, March 31, 2008, compared with the same period in the previous year.
Revenue: $2.43 billion, +11.8%
Net income: $413.6 million, +6.4%


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