ADP Automatic Data Processing Inc

Automatic Data Processing Inc. reported stronger-than-expected earnings for the September quarter, though the payroll and benefits-administration company lowered its expectations for the year.

For the year ending in June, ADP said it now expects earnings at the lower end of its guidance for 12% to 14% growth, while it cut the top end of its revenue growth forecast by one point, now expecting an increase of 7% to 8%. ADP blamed divestitures, foreign currency effects and higher spending.

For the period ended Sept. 30, the company reported a profit of $336.6 million, or 72 cents a share, up from $295.2 million, or 61 cents a share, a year earlier. Excluding one-time items, earnings were 68 cents a share on a continuing operations basis. Total revenue rose 5.8% to $2.71 billion, or 9% on a constant currency basis.

Analysts polled by Thomson Reuters had predicted 65 cents a share in earnings and $2.72 billion in revenue.

World-wide new-business bookings, a key metric, grew 13%.

Revenue at the employer-services segment, the company's biggest top-line contributor, inched up 2.8% to $2.13 billion on a continuing operations basis.

Revenue from professional-employer-organizations services climbed 18% to $701.5 million.

Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com

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(END) Dow Jones Newswires

October 28, 2015 08:05 ET (12:05 GMT)

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