ADP Earns Top Honors From Fortune Magazine -- Administrative Solutions Giant Cited As The Most Admired Computer and Data Services Provider In Magazine's "America's Most Admired Companies" Survey --.ROSELAND, N.J.--(BUSINESS WIRE)--Feb. 16, 1999--Automatic Data Processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a , Inc. (ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. (R)), the world's leading provider of integrated payroll services, benefits administration and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. systems, has been named the "Most Admired" corporation in the Computer and Data Services industry by Fortune Magazine. The company was ranked number one in its category this year, climbing from number two last year. "ADP is honored to have been voted Number One by our peers and analysts in the Computer and Data Services category of Fortune's "Most Admired Companies" report, particularly with the significant number of industry leaders included in our category," said Gary Butler, president and COO, ADP. "This new recognition reinforces ADP's commitment to leveraging leading-edge technology -- supported by our dedicated 35,000 associates -- in order to provide clients with diverse, best-of-breed product and service offerings, while ensuring that ADP remains a sound and investment-worthy company." The Fortune survey ranks companies based on a variety of criteria including quality of management, quality of products, innovativeness, use of assets and social responsibility. ADP received a score of 7.12, placing it as the "Most Admired" in the Computer and Data Services industry -- a category which includes America Online See AOL. , Dun & Bradstreet, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. and First Data Corporation -- and in the top 20% of the 469 Fortune 1,000 companies graded in this year's study. ADP also received high marks for its investment value (ranked 25 out of 469), financial soundness (ranked 20 out of 469) and use of assets (ranked 57 out of 469). ABOUT THE FORTUNE "MOST ADMIRED COMPANIES" SURVEY According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Fortune, the list of Most Admired Companies is the definitive report card on corporate reputations. The survey is comprised of 469 Fortune 1,000 companies and divided into 55 distinct industry groups. More than 10,000 senior executives, outside directors and financial security analysts were asked to grade the ten largest companies in their own industries. Those scores, each on a one-to-ten scale, were equally weighted and combined to give an aggregate score for every company. ABOUT ADP Automated Data Processing (NYSE NYSE See: New York Stock Exchange :AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) is one of the largest independent computing services firms in the world, with more than $4.5 billion in annual revenues and more than 425,000 clients. ADP provides computerized transaction processing, data communications, software and information services See Information Systems. in virtually every industry. ADP Employer Services is the world's largest provider of payroll services and human resource administration systems. It offers a comprehensive range of benefits, payroll and business tax deposit and reporting, time and attendance, 401(k) recordkeeping and unemployment compensation management services. In addition, ADP provides securities transaction processing and investor communications services to the brokerage and financial communities; industry-specific computing and consulting services to auto and truck dealers; and computerized, automated auto-repair estimating and auto-parts availability services to the auto repair industry. |
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