ADP reports Q2 adjusted EPS $2.62, consensus $2.57

Reports Q2 revenue $5.4B, consensus $5.34B. “ADP‘s (ADP) strong second quarter results reflect the breadth of our innovative products, differentiated service, and exceptional experiences that we deliver for clients every day,” said Maria Black, President and CEO, ADP. “Powered by the industry’s largest and deepest HCM dataset, we combine our proprietary workforce insights with advanced automation to solve real workforce challenges and to ultimately build an easier, smarter and more human world of work.” “A continued focus on execution and driving new business bookings growth has enabled us to deliver strong revenue and earnings growth in the second quarter,” said Peter Hadley, CFO, ADP. “Our updated guidance demonstrates our confidence in our ability to deliver on our financial commitments, while continuing to make strategic investments to support sustainable long-term growth.”