On Friday, Automatic Data Processing (NASDAQ:ADP)’s shares declined -0.01% to $80.29.
ADP(R) (ADP), a leading global provider of Human Capital Administration (HCM) solutions, recently declared its fourth quarter and fiscal 2015 financial results and offered an initial outlook for fiscal 2016.
For the quarter, revenues from ongoing operations grew 5% to $2.7 billion and were negatively influenced three percentage points by unfavorable foreign currency translation. Pretax earnings grew 7% to $382 million and were negatively influenced two percentage points by unfavorable foreign currency translation. Pretax margin expanded 30 basis points in the quarter to 14.2%, which comprised of a negative impact of about 20 basis points from the client funds extended investment strategy. Diluted earnings per share from ongoing operations raised 15% to $0.55 on a lower effective tax rate and fewer shares outstanding contrast with last year’s fourth quarter, and comprised of higher-than-anticipated selling expenses resulting from exceptionally strong new business bookings that exceeded internal expectations.
Automatic Data Processing, Inc., together with its auxiliaries, provides technology-based outsourcing solutions to employers worldwide. The company operates through Employer Services and Professional Employer Organization (PEO) Services segments. The Employer Services segment offers a range of business outsourcing and human capital administration (HCM) solutions, counting payroll services, benefits administration services, talent administration solutions, human resources administration solutions, time and attendance administration solutions, insurance services, retirement services, and tax compliance and payment solutions. ‘
NIC Inc. (NASDAQ:EGOV)’s shares gained 10.12% to $19.86.
NIC Inc. (EGOV), the dominant provider of official eGovernment services, recently declared net income of $11.3 million and earnings per share of 17 cents on total revenues of $75.8 million for the three months ended June 30, 2015. In the second quarter of 2014, the Company stated net income of $11.0 million and earnings per share of 17 cents on total revenues of $71.2 million.
Quarterly portal revenues were $71.0 million, a 6 percent enhance over the second quarter of 2014. On a same-state basis, total revenues raised 7 percent, with transaction-based revenues from Interactive Government Services (IGS) up 11 percent over the second quarter of 2014, and transaction-based revenues from Driver History Records (DHR) up 3 percent due mainly to price enhances in two states. Same-state portal software development revenues raised 6 percent in the quarter due mainly to new projects in Wisconsin, Indiana, and Colorado.
Start-up costs from the pilot program with the Louisiana Department of Public Safety totaled $0.3 million during the current quarter.
NIC Inc., together with its auxiliaries, provides eGovernment services that enable governments to use the Internet to provide various services to businesses and citizens in the United States. Its Outsourced Portals business enters into long-term contracts with state and local governments to design, build, and operate Internet-based enterprise-wide portals on their behalf.
At the end of Friday’s trade, HomeAway, Inc. (NASDAQ:AWAY)‘s shares surged 0.52% to $30.77.
HomeAway, Inc. (AWAY), the world leader in vacation rentals, declared a partnership with Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) to promote Dubai’s vacation homes to the world and Dubai as a destination to HomeAway(R) travelers.
The relationship enhances HomeAway’s position in the Middle East and opens Dubai up to the millions of families and groups of travelers from around the globe who book their vacation rental accommodations via HomeAway. HomeAway and Dubai Tourism will work together to strengthen the vacation homes sector in Dubai by raising awareness of and providing support to the many licensed vacation homes operators in the Emirate. Additionally, the two organizations are planning joint traveler-focused campaigns, leveraging Dubai’s world-class marketing team and HomeAway’s global strength in the vacation homes sector.
HomeAway, Inc., together with its auxiliaries, operates an online vacation rental property marketplace that enables property owners and managers to market properties for rental to vacation travelers. The company’s portfolio comprises vacation rental Websites, such as HomeAway.com, VRBO.com, and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es and Toprural.com in Spain; AlugueTemporada.com.br in Brazil; HomeAway.com.au and Stayz.com.au in Australia; and Bookabach.co.nz in New Zealand.
Newell Rubbermaid Inc. (NYSE:NWL), ended its Friday’s trading session with 0.02% gain, and closed at $43.24.
Newell Rubbermaid (NWL) declared its second quarter 2015 financial results recently.
Second Quarter 2015 Operating Results
Net sales in the second quarter were $1.56 billion contrast with $1.50 billion in the preceding year. Core sales grew 5.1 percent, not taking into account a 480 basis point net contribution from acquisitions and planned divestitures and a 600 basis point negative impact from foreign currency.
Stated gross margin was 39.8 percent, a 20 basis point improvement as compared to preceding year.
Normalized gross margin improved 10 basis points to 40.0 percent, as benefits from productivity and pricing more than offset the negative impacts of foreign currency and mix from acquisitions.
Second quarter stated operating margin was 13.8 percent and operating income was $214.7 million, contrast with 14.2 percent and $213.3 million, respectively, in the preceding year.
Newell Rubbermaid Inc. manufactures and markets consumer and commercial products worldwide. It operates through five segments: Writing, Home Solutions, Tools, Commercial Products, and Baby & Parenting. The Writing segment offers writing instruments, such as markers and highlighters, pens, and pencils; art products; fine writing instruments; and labeling solutions under the Sharpie, Paper Mate, Expo, Parker, Waterman, and Dymo Office brand names.
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