Key Points
July 26 (Reuters) - Payroll processor Automatic Data Processing (ADP.O) forecast annual revenue above market estimates on Wednesday, helped by strong demand for company services and new contract wins...
While mounting economic uncertainties have raised concerns over the outlook for the human resources industry, analysts say demand remains strong for companies such as ADP thanks to a stable labor market...
The company expects its revenue to grow between 6% and 7% in fiscal 2024, compared with analysts' expectations of a 5.8% increase, according to Refinitiv data...
The company's full-year adjusted earnings per share growth forecast of 10% to 12% was also above analysts' estimates of a 9% rise.. Shares of ADP were 1% higher in premarket trading..
The company's revenue rose 8% to $4.48 billion for the three months ended June 30, compared with estimates of $4.39 billion, driven by its employer services business, which provides human resource outsourcing and makes up 67% of total revenue this quarter...
You might be interested in
HP forecasts downbeat first-quarter profit amid slow PC market recovery
22, Nov, 23HP Inc (HPQ.N) on Tuesday forecast first-quarter profit below Wall Street estimates but maintained its annual earnings outlook, a sign that demand in the personal computers market is still recovering.
NXP forecasts third quarter above estimates on steady automotive demand
25, Jul, 23Chipmaker NXP Semiconductors (NXPI.O) forecast third-quarter revenue and profit above Wall Street targets on Monday, betting that demand from automakers ramping up production will cushion the hit from a weak consumer electronics market.
IT firms mustn’t miss warning signals from Accenture
01, Apr, 24An Accenture slowdown hints at what’s ahead for Indian IT players, but thankfully, they still have time to transform themselves. They must adapt fast to market changes.
Enphase Energy falls on dour forecast but analysts positive on long-term view
28, Oct, 23International Business News: Shares of Enphase Energy dropped to a three-year low after the solar inverter maker projected lower-than-expected revenue for the current quarter. The
Pinterest beats quarterly estimates on ad market recovery; shares up
31, Oct, 23Pinterest (PINS.N) beat estimates for third-quarter revenue and profit on Monday, as a stabilizing digital advertising market helped draw marketers to the image-sharing platform, sending its shares up 13% in aftermarket trading.
Accenture warns of weaker fiscal 2024 as IT spending remains under pressure
28, Sep, 23IT services firm Accenture forecast full-year earnings and first-quarter revenue below Wall Street targets on Thursday, signaling that high inflation and interest rates pressures will hurt demand through next year.
India's TCS skids on demand recovery worries after Q2 revenue miss
12, Oct, 23Shares of India's Tata Consultancy Services (TCS.NS) fell as much as 1.8% on Thursday, as investors worried that a recovery in demand was still not within reach after second-quarter revenue missed estimates due to weak client spending.
HP misses first-quarter revenue estimates on sluggish demand in PC market
29, Feb, 24(Reuters) -HP Inc missed Wall Street estimates for first-quarter revenue on Wednesday, marking a seventh straight quarter of decline, driven by sluggish demand in the personal computers (PC) market as
UPS to cut 12,000 jobs as annual revenue forecast disappoints on weak ecommerce demand
30, Jan, 24International Business News: United Parcel Service said on Tuesday it would cut 12,000 jobs and explore strategic options for Coyote, its truckload freight brokerage business, aft.
Chipmaker Micron forecasts first-quarter revenue above estimates
27, Sep, 23Micron Technology (MU.O) forecast first-quarter revenue above Wall Street estimates on Wednesday, powered by demand for its memory chips from the rapidly growing artificial intelligence sector.