January 31, 2018 / 12:09 PM / 5 months ago

ADP's quarterly revenue rises 8 pct

Jan 31 (Reuters) - Automatic Data Processing Inc reported an 8 percent rise in quarterly revenue, helped by higher demand from small and medium-sized businesses for payroll and tax processing services.

Net income fell to $467.5 million, or $1.05 per share, in the second quarter ended Dec. 31 from $510.9 million, or $1.13 per share, a year earlier.

Total revenue rose to $3.24 billion from $2.99 billion. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Saumyadeb Chakrabarty)

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