May 1 (Reuters) - Payroll processor Automatic Data

Processing ( ADP ) beat estimates for third-quarter revenue and

profit on Wednesday, driven by steady demand for its payroll

software and new bookings.

U.S. job growth accelerated from January through March, and

the resilient demand has encouraged businesses to hire and

retain employees, resulting in customers spending on payroll

software including employee management services offered by

companies like ADP.

"Healthy new business bookings and client retention

contributed to our strong results," said CEO Maria Black.

The company's revenue stood at $5.25 billion for the quarter

ended March 31, compared with analysts' estimates of $5.23

billion, according to LSEG data.

Its adjusted earnings of $2.88 per share, came ahead of

estimates of $2.79 per share.

Revenue at company's employer services segment, which

handles human resources outsourcing and employee management

solutions, rose 8% to $3.59 billion from a year earlier.

The company maintained its full-year 2024 revenue and profit

forecast.