Automatic Data Processing, or ADP, a provider of business outsourcing solutions in the US, expects to incur capital expenditure of approximately $150-170 million for the fiscal year ending June 30, 2011, including information technology investments.
Capital expenditure for continuing operations in fiscal 2010 was $90.2 million, as compared to $167.6 million in fiscal 2009 and $186.3 million in fiscal 2008. The capital expenditures in fiscal 2010 related to its data center and other facility improvements to support operations.
During fiscal 2010, 2009 and 2008, the company invested $614 million, $588 million and $611 million, respectively, in systems development and programming, migration to new computing technologies and the development of new products and maintenance of its existing technologies, including purchases of new software and software licenses.
Source:http://www.tradingmarkets.com/news/stock-alert/aeopf_adp-to-continue-it-investment-in-2011-1139714.html
