* 2nd-quarter EPS from cont. ops 78 cents vs est 77 cents
* Revenue rises 9 pct to $2.98 bln vs est $2.94 bln
Feb 5 Automatic Data Processing Inc
reported better-than-expected second-quarter results due to
higher revenue from its payroll-processing business as the U.S.
job market recovers.
U.S. employers hired more workers than expected in November
and the jobless rate hit a five-year low of 7.0 percent
following a similarly robust growth in October.
ADP's net earnings from continuing operations rose 8 percent
to $377 million, or 78 cents per share, in the quarter ended
Dec. 31, from a year earlier.
Total revenue rose about 9 percent to $2.98 billion.
Analysts had expected earnings of 77 cents per share on
revenue of $2.94 billion, according to Thomson Reuters I/B/E/S.
The company said number of employees on its clients'
payrolls rose 2.9 percent in the United States in the quarter on
a like-for-like basis.
Revenue from its employer services unit rose 9 percent to
ADP also processes accounting and inventory for auto dealers
and provides software and networking products for companies.
Roseland, New Jersey-based ADP's shares closed at $74.95 on
the Nasdaq on Tuesday. The stock gained 26 percent in the 12
months ended Dec. 31.