ROSELAND, N.J. (AP) — Payroll processing company Automatic Data Processing Inc. said Tuesday that its fiscal third-quarter net income rose 7 percent as the number of employees on our clients' payrolls increased and it added new business.
ADP earned $452.4 million, or 92 cents per share, in the three months ended March 31. That compared with $423.8 million, or 85 cents per share, in the 2011 quarter.
The results topped the 91 cents per share, on average, predicted by analysts, according to data provider FactSet.
Revenue rose 7 percent to $2.92 billion from $2.74 billion, meeting Wall Street's estimate.
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