ADP reports Q2 adjusted EPS $2.35, consensus $2.30

Reports Q2 revenue $5.05B, consensus $4.96B. “Our momentum continued into the second quarter with strong revenue and earnings growth,” said Maria Black, President and CEO of ADP (ADP). “We achieved a major milestone in November, when our Board of Directors approved an increase to our quarterly dividend, marking the 50th consecutive year in which we raised our dividend. With a healthy HCM demand backdrop and all-time record client satisfaction, we are focused on continuing to deliver for our shareholders in the second half of our fiscal year.”