03 February 2009

ADP: Fiscal 2009-2Q Earnings

Automatic Data Processing, Inc.  (NASDAQ: ADP) recently announced earnings of $300 million for the three months that ended on 31 December 2008, which was the second quarter of the company's fiscal 2009.

The full GCFR analysis of the quarter will be posted within the next few days.  The spreadsheet below, which differs in material respects from the company-used presentation, compares the latest results with our previously communicated expectations.


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