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Automatic Data Processing (ADP) Earnings Report: Q1 2016 Conference Call Transcript

The following Automatic Data Processing (ADP - Get Report) conference call took place on October 28, 2015, 08:30 AM ET. This is a transcript of that earnings call:

Company Participants

  • Sara Grilliot; Automatic Data Processing; VP - IR
  • Carlos Rodriguez; Automatic Data Processing; President, CEO
  • Jan Siegmund; Automatic Data Processing; CFO

Other Participants

  • Anthony Cyganovich; Evercore ISI; Analyst
  • S.K. Prasad Borra; Goldman Sachs; Analyst
  • Brent Navon; Bank of America-Merrill Lynch; Analyst
  • Gary Bisbee; RBC Capital Markets; Analyst
  • David Grossman; Stifel Nicolaus; Analyst
  • Daniel Hussein; Morgan Stanley; Analyst
  • Lisa Ellis; Sanford C. Bernstein; Analyst
  • Ryan Cary; Jefferies; Analyst
  • Jim Macdonald; First Analysis Securities; Analyst
  • Tien-tsin Huang; JPMorgan; Analyst
  • Rick Eskelsen; Wells Fargo; Analyst

MANAGEMENT DISCUSSION SECTION Operator: Good morning, my name is Ben and I will be your conference operator. At this time, I would like to welcome everyone to ADP's first-quarter FY16 earnings webcast. I would like to inform you this conference is being recorded. (Operator Instructions) I'll now turn the conference over to Ms. Sara Grilliot, Vice President, Investor Relations. Please go ahead. Sara Grilliot: Thank you. Good morning, everyone. This is Sara Grilliot, ADP's Vice President, Investor Relations. I'm here today with Carlos Rodriguez, ADP's President and Chief Executive Officer; and Jan Siegmund, ADP's Chief...