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 ADP: Employees Returning to Work

Employees are returning to the workplace, which represents an opportunity for Automatic Data Processing, CEO Carlos Rodriguez said during a recent earnings webcast. for the first quarter ended. Those comments came as ADP reported a 16.3-prercent rising in ent income on a 10-4percent increase in earnings for the first quarter ended September 30.

“Our clients are eager to hire and we are seeing workers return to the labor force, even if it's gradual,” Rodriguez said.  “As a result, we expect to benefit from an above-normal level of pays-per-control growth over the course of the year.”

The payroll services company reported net income of $700.5 million for the most recently ended quarter, up from $602.1 million a year earlier. Revenue reached $3.83 billion, compared to $3.47 billion in last year’s corresponding period.

New CFO Don McGuire said that the Professional Employer Organization services “had another terrific quarter.” Average worksite employees increase 15 percent year-over-year to 629,000 with total PEO revenue also up 15 percent.

Rodriguez said ADP needs to grow its workforce, as revenue growth exceeded expense growth. “I would say that we have a strong appetite for growing our sales force, but also for growing our investment in marketing, whether it's digital marketing or more traditional advertising,” he said. ADP is trying to add capacity for implementation and service before year’s end.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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