Nvidia shares pop as analysts dismiss AI bubble concerns
ROSELAND, N.J. - ADP announced Thursday the integration of its WorkForce Suite into its main payroll and human capital management platforms, providing organizations with a single solution to manage employees across more than 140 countries. The move comes as ADP, with a market capitalization of $101.28 billion, continues to strengthen its position as a prominent player in the Professional Services industry.
The workforce management solution, which ADP describes as the "#1-rated" in the industry, is now available within ADP Workforce Now, ADP Lyric HCM, and ADP Global Payroll. The integration follows ADP’s acquisition of WorkForce Software in 2024.
The suite combines time and attendance management, employee scheduling, absence management, and workforce analytics tools. It targets organizations with 150 or more employees operating across multiple countries.
"Clients now have the opportunity to offer millions of employees around the world a unified time, pay and HR experience with best-in-class workforce management tools at their fingertips," said Sreeni Kutam, president of global product and innovation at ADP.
The system includes features for compliance automation, scheduling optimization, and mobile access for remote workers. It offers role-based dashboards with predictive analytics and supports multiple languages, currencies, and time zones.
The platform is designed to address complex workforce requirements in industries such as manufacturing, retail, healthcare, energy, education, and public sectors. It includes automated enforcement of collective bargaining agreements and labor rules, with prebuilt country templates to accelerate configuration.
According to Evelyn McMullen, research manager at Nucleus Research, "Organizations have traditionally needed to decide between having a single HCM suite or piecing together different best-in-class solutions to meet their needs. Now... they don’t have to make any tradeoffs between ease and quality."
Nucleus Research has ranked the WorkForce Suite first in its category for 11 consecutive years, according to the press release statement.
ADP (NASDAQ:ADP) serves more than 1.1 million clients across over 140 countries with its HR and payroll solutions.
In other recent news, Automatic Data Processing Inc. (ADP) reported its first-quarter fiscal year 2026 earnings, surpassing analyst expectations with an earnings per share (EPS) of $2.49, compared to the forecasted $2.44. The company also exceeded revenue projections, posting $5.2 billion against a forecast of $5.14 billion. Additionally, ADP announced a 10% increase in its quarterly cash dividend to $1.70 per share, marking the 51st consecutive year of dividend hikes. Despite these positive financial results, several analysts revised their price targets for ADP. TD Cowen lowered its price target to $263, maintaining a Hold rating due to a mixed outlook. Stifel also reduced its price target to $290, citing a flat employment outlook, while Jefferies cut its target to $245, noting a mixed outlook despite ADP’s revenue and earnings growth surpassing expectations. These developments reflect a cautious sentiment among analysts, despite the company’s strong performance in the latest quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.