Payroll processor ADP's profit rises 8 percent
(Reuters) - Automatic Data Processing Inc (ADP.O) reported an 8 percent rise in quarterly profit due to higher revenue from its payroll-processing business as the U.S. job market improves.
Net earnings from continuing operations rose to $377 million, or 78 cents per share, in the second fiscal quarter, ended December 31, from $352 million, or 72 cents per share, a year earlier.
Total revenue rose about 9 percent to $2.98 billion.
(This story was corrected to fix date of ending of fiscal quarter in second paragraph.)
(Reporting by Neha Dimri and Varun Aggarwal in Bangalore; Editing by Maju Samuel)
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