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Net Change in Shares Outstanding vs. HCM-Related Players (1) Benefitfocus (1) Workday Cornerstone OnDemand Paycom Ultimate (1) ེ་སེང སེ (1) Paylocity (1) TriNet 0.5% SAP 0.1% (3) Paychex (0.8%) Microsoft (8.1%) (2) ADP (9.3%) (4) Intuit (15.7%) The Sage Group (18.3%) Oracle (18.3%) Insperity (21.2%) IBM (22.0%) Sources: Company Filings Notes: 1. Represents net reduction in shares from first filing post-IPO to 6/30/2017. 2. Represents net reduction in shares from 6/30/2011 to 6/30/2017. 3. Represents net reduction in shares from 5/31/2011 to 5/31/2017. 4. Represents net reduction in shares from 4/30/2011 to 4/30/2017. Copyright 2017 ADP, LLC. 66 4.4% 16.7% 15.3% 27.5% 24.7% 19.8% ADP A more human resource.

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