$Automatic Data Processing Inc(ADP)$[Miser] (Source: Simply Wall ST) Full year 2022 earnings: Revenues and EPS in line with analyst expectations
Full year 2022 results:
EPS: US$7.04 (up from US$6.10 in FY 2021).
Revenue: US$16.5b (up 9.9% from FY 2021).
Net income: US$2.95b (up 14% from FY 2021).
Profit margin: 18% (in line with FY 2021).
Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations.
Over the next year, revenue is forecast to grow 7.9%, compared to a 14% growth forecast for the industry in the US.
Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company's share price has increased by 13% per year.
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