Automatic Data Processing beats top an bottom line; provides fiscal 2023 outlook
Automatic Data Processing press release  (NASDAQ:ADP): Q2  GAAP EPS of $1.50  beats by $0.03.
Revenue of $4.13B (+11.6% Y/Y)  beats by $80M.
Consolidated Fiscal 2023 Outlook:Â  Revenue growth of 7% to 9% (consensus revenue of $17.62B); Adjusted EBIT margin expansion of 100 to 125 basis points ; Adjusted effective tax rate of approximately 23.0% â¢ Diluted EPS growth of 13% to 16% ; Adjusted diluted EPS growth of 13% to 16% (consensus $7.76)