July 31 (Reuters) - Automatic Data Processing ( ADP )

beat Wall Street expectations for fourth-quarter revenue on

Wednesday, helped by robust demand for its human resource

management and payroll services.

Employee management services by ADP, one of the biggest

payroll processing companies in the world, have been seeing

consistent demand even as the labor market cooled from its high

growth levels seen at the start of the year.

Shares of the Roseland, New Jersey-based company gained

nearly 4% in premarket trading.

The company reported fourth-quarter revenue of $4.77

billion, beating analysts' average estimate of $4.74 billion,

according to LSEG data.

Net income per share came in at $2.02 in the three months

ended June 30, versus $1.87 a year ago.

Analysts, however, pointed toward a tougher demand

environment, paired with stiff competition from companies such

as Workday and Paychex ( PAYX ).

ADP has an extensive partnership with Workday to provide

payroll services and counts retail giant Amazon as a customer.

Revenue for its PEO segment, which provides administration

outsourcing services, rose 6% in the fourth quarter, while the

employer services business grew 7%.

The company forecast its fiscal year 2025 revenue and

adjusted profit largely in line with the Street expectations.