ADP raises fiscal 2027 adjusted diluted EPS growth outlook to 10%-12%
ADP•ADP raised its fiscal 2027 adjusted diluted EPS growth outlook to 10%-12% from 9%-11% and now projects revenue growth of approximately 6%. First-quarter revenue grew 6%, and adjusted diluted EPS rose 13%.
1. Raised outlook
ADP raised its fiscal 2027 adjusted diluted EPS growth guidance to 10%-12% from 9%-11%. Revenue growth is now projected at approximately 6%, compared with the previous forecast of 5%-6%, while adjusted EBIT margin expansion guidance remains 70-90 basis points. The expected yield on the client funds portfolio increased to approximately 3.8% from 3.7%.
2. First-quarter results
First-quarter revenue grew 6%, while adjusted diluted EPS rose 13%.
