Automatic Data Processing, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2018; Revises Earnings Guidance for the Year 2019
For the six months, the company reported total revenues of $6,829.1 million compared to $6,315.5 million for the same period a year ago. Net earnings were $1,063.6 million compared to $1,083.0 million a year ago. Basic earnings per share was $2.44 against $2.45 a year ago. Diluted earnings per share were $2.42 compared to $2.44 a year ago.
For the fiscal year 2019 raising fiscal 2019 diluted eps growth outlook to 20% to 22%, compared to prior outlook of 18% to 20%; raising adjusted diluted eps growth outlook to 17% to 19%, compared to prior outlook of 15% to 17%. The company expects revenue growth of 6% to 7%.