Average worksite employees paid by PEO Services increased 12% to more than 485,000 for the reported quarter, and 12% to approximately 462,000 for the full year.įor Q4 FY17, ADP's interest on funds held for clients increased 8% to $105 million from $97 million in Q4 FY16, and for the full year increased 5% to $397 million from $377 million in FY16. PEO Services' segment margin increased approximately 10 basis points to 12.0% for Q4 FY17 and 80 basis points to 12.9% for the full year. For FY17, the unit's segment margin increased approximately 20 basis points to 30.6%.įor Q4 FY17, ADP's PEO Services segment's revenues surged 16% to $891.6 million while revenues increased 13% to $3.48 billion for FY17. The Company's Employer Services' client revenue retention increased 60 basis points for Q4 FY17 and declined 50 basis points to 90.0% for FY17.įor Q4 FY17, ADP's Employer Services' segment margin decreased approximately 210 basis points to 26.5% on a y-o-y basis. The number of employees on ADP clients' payrolls in the United States increased 2.1% for Q4 FY17 and 2.4% for FY17, when measured on a same-store-sales basis for a subset of clients ranging from small to large businesses. For the fiscal year, ADP's revenues increased 4% to $9.54 billion on a reported basis. Adjusted diluted earnings per share from continuing operations increased to $3.70 representing growth of 13%, and benefited from fewer shares on a y-o-y basis, lower effective tax rate resulting from an incremental $0.04 per share tax benefit related to prior period software development efforts, and a $0.07 per share tax benefit related to the adoption of new stock-based compensation accounting guidance.ĭuring Q4 FY17, ADP's Employer Services' revenues increased 2% to $2.34 billion on a reported basis while it grew 3% on an organic basis. ADP's earnings fell short of Wall Street's estimates of $0.67 per share.įor FY17, ADP's net earnings from continuing operations grew 16% to $1.7 billion, and diluted earnings from continuing operations increased to $3.85 per share representing growth of 18%. The Company's adjusted diluted earnings per share from continuing operations declined 4% to $0.66 and included a $0.01 per share tax benefit related to the adoption of new stock-based compensation accounting guidance. The Company's adjusted earnings before interest and taxes (EBIT) margin fell approximately 240 basis points to 14.3% in the reported quarter as ADP maintained its investments in product, sales, and service including dual operation costs related to the Service Alignment Initiative.įor Q4 FY17, ADP's net earnings from continuing operations totaled $265.8 million, or $0.59 per diluted share, compared to net earnings of $282.0 million, or $0.622 per diluted share, in Q2 2016. For the year, ADP's revenues grew 6% to $12.4 billion.ĪDP's earnings from continuing operations before income tax declined 9% to $388.4 million on a y-o-y basis. The Company's revenue numbers exceeded analysts' estimates of $3.05 billion. With the links below you can directly download the report of your stock of interest free of charge at:įor the three months ended June 30, 2017, ADP's revenues grew 6% to $3.06 billion compared to $2.90 billion in Q2 2016. Today, our research desk covers a blog story on ADP also brushing on CTXS. Register for a free membership today, and be among the early birds that get access to our report on Citrix Systems when we publish it.Īt Pro-TD, we make it our mission to bring you news that matter about the stock you follow. (NASDAQ: CTXS) for due-diligence and potential coverage as the Company reported on August 02, 2017, its financial results for Q2 FY17 which ended on June 30, 2017. Pro-TD has currently selected Citrix Systems, Inc. Get more of our free earnings reports coverage from other constituents of the Business Software & Services industry. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at: The payroll and human resources Company's earnings declined on a y-o-y basis.ADP also provided outlook for FY18. (NASDAQ: ADP) ("ADP"), which can be viewed by registering at, following the Company's disclosure of its fourth quarter and fiscal 2017 results on July 27, 2017. LONDON, UK / ACCESSWIRE / Aug/ Pro-Trader Daily has just published a free post-earnings coverage on Automatic Data Processing, Inc. Research Desk Line-up: Citrix Systems Post Earnings Coverage
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