Automatic Data Processing hews to winning formula; emphasis on sales, technology blends with having units lead fields

Article Abstract:

Automatic Data Processing (ADP) Inc aims to increase its already dominant share of the payroll processing market, in an effort to sustain its 31-year history of annual earnings growth greater than 10 percent. The company, which brings in almost $2 billion of revenue, handles more than 1 billion transactions a year, dealing with paychecks and payroll information, brokerage services, and various sorts of claims and purchases. ADP practices a careful, conservative style of management. Since 1982, the company's net income has quadrupled, revenue has tripled, and the company's stock price has increased more than sevenfold. ADP's earnings were $256.2 million, or $1.84 a share, on revenue of $1.9 billion in FY 1992. That represents a 12.5 percent climb in income on a 9.5 percent rise in revenue.

Accounting, auditing, & bookkeeping, Data processing and preparation, Management, Services, Computer services industry, Information technology services industry, Profits, Growth (Physiology), Company Profile, Outsourcing, Online transaction processing, Automatic Data Processing Inc., Management Style, Growth, Profit, Financial Report

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JWP to shed information services line, stress its core subcontracting business

Article Abstract:

JWP Inc plans to sell its information-services unit and return to its core business, subcontracting mechanical and electrical services for big construction projects. The information services unit, which focuses mainly on computer reselling, might bring in $100 million to $200 million, First Albany Corp analyst James G. Joyce says. The unit posted $1.7 billion in 1992 sales and has 3,000 workers. The unit has been doing well, but has been buffeted by fierce computer price wars and has hundreds of millions of dollars of accounts receivable for computers ordered but not yet sold. Analysts speculate that JWP's creditors may have forced the sale. JWP expects to post a 4th qtr loss of a minimum of $265 million, compared to net income of $16.1 million for the previous year.

Computer integrated systems design, Electrical work, Installing building equipment, not elsewhere classified, Construction industry, Mergers, acquisitions and divestments, Divestiture, VARs (Value added resellers), Divestment, Value-added resellers, JWP Inc., JWP

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Cellular-phone firms' outlook is bright, some say, but maybe they're overpriced

Article Abstract:

According to David Alger, manager at Alger Small-Capitalization Fund, technologies are coming together in a way that promises growth in the cellular mobile-phone industry which 'will be tremendous.' The aim of the industry, say enthusiasts, will be a phone in every pocket. Stocks have risen recently, but some investors are nervous. Some big investors now believe that the industry's stocks might now be overpriced. Cellular stocks could rise if there is an acquisition, or they could 'meander' if companies become involved in a battle over allocation of airwaves for wireless communications. Another uncertainty involves possible competition from new Personal Communications Networks (PCNs).

Telephone Communication, Economic aspects, Cellular telephones, Wireless telephones, Wireless LANs, Stock-exchange, Stock exchanges, Statistics, Beliefs, opinions and attitudes, Securities, NASDAQ Market System, Personal communications services, Over-the-counter markets, Over the counter markets, column, Cellular Radio, Stock, Wireless Network, Alger, David

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