February 5, 2014 / 5:26 PM / in 4 years

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

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below