Automatic Data Processing Inc
ADP: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| !<r | LOCK|P<m? | LOCK|bL@plR |
ADP Earnings: Record Bookings Volume Puts ADP on Solid Footing to Start Fiscal Year
ADP reported solid first-quarter results. Sales increased 7% year over year to nearly $5.2 billion while non-GAAP operating margin remained flat at 25.5%. ADP's first-quarter performance puts the company on track to achieve previously outlined full-year guidance for growth and profitability.
