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Foreign Currency Crimps Automatic Data's Top Line

TheMotleyFool

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Foreign Currency Crimps Automatic Data's Top Line

In its first quarter of fiscal 2020, human capital management giant Automatic Data Processing (NASDAQ: ADP) endured a slightly higher-than-expected impact from foreign currency, while still managing to meet organic revenue growth goals. The company also reaffirmed its initial outlook for the full fiscal year in results released on Wednesday. As we review the quarter below, note that all comparative numbers refer to those of the prior-year quarter.

Data source: Automatic Data Processing.

Image source: Getty Images.

Source Fool.com

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