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ADP and Intuit Should Acquire Some SaaS

|Includes: ADP, Intuit Inc. (INTU)

Last week, Intuit (NASDAQ:INTU) the leading accounting and tax software maker with annual revenue of $3.1 billion, reported a strong third quarter in which it beat estimates, driven by strong sales in Consumer Tax and growth in the small business customer base despite the tough economy. In the past few weeks there have been expressions of optimism in the news media and signs from companies such as Intel and Cisco that the economy is recovering. Let’s take a look at ADP’s and Intuit’s results for any such signs. Read the full article »