By Stephanie Lai
Automatic Data Processing Inc. on Wednesday raised its full-year revenue and adjusted earnings guidance, citing momentum in bookings.
The Roseland, N.J.-based human resources management software company said it expects revenue growth of 9% to 10% for the year, up from its previously issued guidance of 8% to 9%. ADP reported full-year 2021 revenue of $15 billion.
The company said it expects full-year adjusted earnings growth of 15% to 17%, up from 12% to 14% previously.
The company on Wednesday reported adjusted earnings of $2.21 a share on revenue of $4.51 billion for its third quarter.
Write to Stephanie Lai at stephanie.lai@wsj.com
Corrections & Amplifications
This article was corrected on May 5, 2022. Kathleen Winters resigned as Automatic Data Processing Inc. financial chief in September 2021. The original version incorrectly included a quote from Ms. Winters that was made in July 2021. The quote has been removed.
(END) Dow Jones Newswires
04-27-22 0926ET