ADP Employer Services from Automatic Data Processing, Inc. (ADP) Group and Intuit Inc. have joined hands and under the contract Intuit will move its range of customers (the number is approximately 25,000 and they have agreed to outsource their payroll-related tasks to a third-party provider.). The customers may have no qualms over sending their jobs to ADP Employer Services which is considered to be the leader in outsourced payroll, human resources and benefits administration solutions but stock market did not respond to kindly to the news. Intuit has cut its 3rd quarter, 4th quarter and full year 2007 guidance for revenues and earnings per share.
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