Tien-Tsin Huang
JPMorgan Chase & Co, Research Division

All right. Terrific. Let's get going. Thanks, everybody, for joining. My name is Tien-Tsin Huang. I follow the payments processors and IT services names at JPMorgan. And I was just telling Maria here that covering ADP all this time, I feel like it's an obligatory name to talk about tech and for me, at least for ADP. So thanks for being here with us, Maria.

Maria Black
President, CEO & DIrector

Thank you for having me.

Tien-Tsin Huang
JPMorgan Chase & Co, Research Division

No, of course, it does mean a lot to me seriously. So Maria Black, President and CEO of ADP. We have a lot to talk about. A lot of the questions are going to be familiar to you, but I did want to hit all the big topics that are out there, if that's okay.

Maria Black
President, CEO & DIrector

Sure.

Tien-Tsin Huang
JPMorgan Chase & Co, Research Division

But let's just kick it off the usual question around the macro state of the macro you see so much in terms of working with small business, enterprise, of course, powering all these employees. What are you seeing? Any changes? Any -- where are you encouraged where might you be a little bit more careful?

Maria Black
President, CEO & DIrector

Yes. Fair enough. As many of you know, we do have a front row seat to the macro environment in terms of what's happening with respect to labor, wages, things of that nature. But that said, we actually are