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ADP trims FY25 EPS growth view to 7%-9% from 8%-10%

ADP trims FY25 EPS growth view to 7%-9% from 8%-10%

FY25 guidance implies a range of $9.82-$10.01 from $9.18 in FY24, consensus $10.03. Raises FY25 revenue growth view to up 6%-7% from 5%-6%, which implies a range of $20.35B-$20.54B from $19.20B in FY24, consensus $20.24B.

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