Automatic Data Processing Non-GAAP EPS of $2.52 beats by $0.08, revenue of $4.9B beats by $20M
Automatic Data Processing press release (NASDAQ:ADP): Q3 Non-GAAP EPS of $2.52  beats by $0.08.
Revenue of $4.9B (+8.9% Y/Y)  beats by $20M.
"With continued healthy Employer Services new business bookings, client revenue retention, and U.S. pays per control growth in the third quarter, we are positioned for strong overall fiscal 2023 results," said Don McGuire, Chief Financial Officer, ADP. "As we look ahead, we remain focused on driving profitable growth as we invest in our business to accelerate our progress on our modernization journey and to capitalize on our substantial secular growth opportunity."


Consolidated Fiscal 2023 Outlook: Revenue growth of 8% to 9% vs. consensus growth of 8.52%; Adjusted EBIT margin expansion of 125 to 150 basis points; Adjusted effective tax rate of about 23% â¢ Diluted EPS growth of 16% to 17%; Adjusted diluted EPS growth of 16% to 17% vs. consensus growth of 15.75%.