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PEO revenue up 10% at ADP

May 03 2013

Professional employer organization revenue at Automatic Data Processing Inc. (NASD: ADP) rose 10.1 percent to $565.5 million in the company’s fiscal third quarter ended March 31 compared to the same period in the previous year.

Average paid worksite employees increased 7.3 percent year-over-year to 279,000 from 260,000 in last year’s third quarter.

PEO services represent just one of Roseland, N.J.-based ADP’s business lines, which include nonstaffing operations. Total third-quarter revenue at the firm was $3.11 billion, up 7 percent on a year-over-year basis.

ADP’s third-quarter net earnings rose 6.7 percent to $482.7 million.

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