ADP reports Financial Results for Q4 and FY 2018 which ended June 30th2018.
Total revenue for the quarter was USD 3.32 billion, 8% higher than the year before and net earnings dropped by 59% to USD 109 million from USD 266 million the year before.
For the 2018 fiscal year revenue totalled USD 13.3 billion, 8% higher than 2017 and net earnings went down by 6% to USD 1.6 billion.
By segments the situation stands as follows: Employer Services grew by 7% reaching USD 2.5 billion, PEO Services rose by 10% to USD 977 million and Other decreased by 4% to a total of USD 158 million.
For the 12 months of the year, by segments, the situation is as follows: Employer Services went up by 5% reaching USD 10.1 billion, PEO Services rose by 12% having a total of USD 3.9 billion and Other shrank by 2% equalling USD 629 million.