ADP 1998 Annual Report Download - page 16

Download and view the complete annual report

Please find page 16 of the 1998 ADP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 32

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32

14
INTERNATIONAL
MERRILL LYNCH CONTINUED ITS
GLOBAL ROLLOUT OF OUR
WILCO GLOSSSM INTERNATIONAL
SECURITIES TRANSACTION
PROCESSING SYSTEM IN 98
WITH INSTALLATIONS IN ITS PARIS
AND MILAN OFFICES. STEPHEN
NORMAN (LEFT), VICE PRESIDENT,
MERRILL LYNCH, AND STEVE
BLOOMER (RIGHT), DEPUTY
MANAGING DIRECTOR, WILCO,
DIRECTED THESE SUCCESSFUL
ROLLOUTS.
DP provides a wide
range of computing and
information services to
clients worldwide. All
four ADP business units
operate successful businesses in the
global marketplace and we expect our
international operations to contribute
to our growth rate over the next
several years.
EMPLOYER SERVICES
More than 25,000 Canadian employers
use ADPs employer services, making
us the leading provider in Canada.
We now serve over 22,000 payroll
and HR clients in Europe. Today,
one out of five major companies in
Germany and one out of three in
France are ADP clients. Overall ES
European revenue growth in 98 was
15%, we expanded our salesforce by
40%, and client retention remained
high. While most ES clients in Europe
are larger businesses, there is enormous
potential with small- to mid-sized
employers. As just one example of
our services to these clients, our new
payroll by phone service is being
well received by small businesses
across Europe.
ADP ES Brazil delivers payroll
services to about 1,000 clients and is
our primary entry vehicle for further
expansion in South America.
BROKERAGE SERVICES
ADP continues to pursue securities
processing and related opportunities
in global markets.
In Canada, we are the leading
processor of stock trades nationwide.
Our Wilco International subsidiary
has a superior product set to process
international securities. These products
offer market-specific features for the
U. S., Europe and Asia. Wilco revenues
grew by more than 65% in 98.
ADPs Global Proxy Services
satisfies the proxy voting requirements
of international investors and their
financial services firms worldwide.
We now offer proxy services in more
than 50 countries.
A