ADP INCREASES REVENUE AND EARNINGS PER SHARE FORECAST.ROSELAND, N.J.--(BUSINESS WIRE)--Dec. 13, 1994--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 now expects its fiscal 1994 earnings per share to increase over 15% on a revenue increase of about 15%, Josh S. Weston, chairman and chief executive officer, announced today prior to ADP's regularly scheduled quarterly analyst meeting. Previously, in August, 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. had forecast double-digit growth in revenue, with about 15% growth in earnings per share. Commenting on the improved expectations, Mr. Weston said, "Our revised estimate Revised estimate The third estimate of GDP released about three months after the measurement period. results primarily from strong internal and acquisition growth in both Dealer and Employer Services. In addition, our investment portfolio is benefitting from rising interest rates." ADP, with over $2.4 billion in revenue and more than 300,000 clients, is one of the largest independent computing services firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . CONTACT: Arthur Schmidt & Associates, Inc. 212/953-5555 |
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