Business for Automatic Data Processing continued to strengthen during the second quarter ended December 31. The payroll services company rteported a 7.2-percent increase in net income on a 9-percent rise in revenue.
“We experienced a record Q2 booking level and like Q1, we were pleased to be ahead of pre-pandemic sales productivity levels.” CEO Carlos Rodriguez said during the recent earnings webcast.
Rodriguez said there was “double-digit growth in nearly every one of our ES [Employer Services] businesses” and even-strong performance in the PEO segment.
Net income fir the most recently ended period was $694.4 million, compared to $647.5 million a year earlier. Revenue was slightly more than $4 billion, up from $3.7 billion in last year’s corresponding period.
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
