The board of directors of Automatic Data Processing, Inc., (NYSE:ADP)
authorized the purchase of an additional 50 million shares of its common
stock, Gary C. Butler, president and chief executive officer, announced
today.
This is in addition to the approximately 8.6 million shares remaining to
be purchased under previous share repurchase authorizations resulting in
a total authorization of approximately 58.6 million shares. ADP
currently has approximately 510 million common shares outstanding.
Automatic Data Processing, Inc. (NYSE: ADP), with nearly $9 billion in
revenues and over 585,000 clients, is one of the world's largest
providers of business outsourcing solutions. Leveraging nearly 60 years
of experience, ADP offers a wide range of HR, payroll, tax and benefits
administration solutions from a single source. ADP's easy-to-use,
cost-effective solutions for employers provide superior value to
companies of all types and sizes. ADP is also a leading provider of
integrated computing solutions to auto, truck, motorcycle, marine and
recreational vehicle dealers throughout the world. For more information
about ADP or to contact a local ADP sales office, reach us at
1.800.225.5237 or visit the company's Web site at www.ADP.com.
ADP Investor Relations, 973-974-5858
