Automatic Data Processing Inc Q4 2021 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Eugene M. Simuni - MoffettNathanson LLC - Analyst : Maybe to start with a little bit of a high-level macro question. So Kathleen, you just highlighted that there is significant amount of secular growth that's coming out in the HR services industry from the pandemic. Can you speak a little bit more about where you guys are seeing the indications that the secular growth is actually helping financial performance of ADP? And how much of that is incorporated in your fiscal year '22 guidance? And where can we see that effect in the numbers? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 28, 2021 / 12:30PM, ADP.OQ - Q4 2021 Automatic Data Processing Inc Earnings Call

Question: Eugene M. Simuni - MoffettNathanson LLC - Analyst : Got it. Got it. Great. And then for a follow-up, related and talking about the bookings growth and looking at your guidance, the 10% to 15% growth next year, can you just quickly speak to kind of 2 or 3 key swing factors that you see that will define whether we're going to end up on the lower end or higher end of that range as we kind of turn the corner and the recovery and go through this period?