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Professional employer organization revenue rose 22.2% at Automatic Data Processing Inc. (NYSE: ADP), the Roseland NJ company reported today. Second-quarter PEO revenue was $249.3 million, up from $204.0 million in the same period in the previous year.
The number of worksite PEO employees rose 20% in the second quarter to approximately 170,000.
Overall second-quarter revenue at ADP rose 14.7% to $2.15 billion. Net income, however, fell 2.2% to $291.2 million
Automatic Data Processing Inc. (NYSE: ADP)
For the second quarter ended Dec. 31, 2007, compared with the same period in the prior year.
Revenue: $2.15 billion, +14.7%
Net income: $291.2 million, -2.2%