Intuit Reports TurboTax Unit Sales Through March 15
MOUNTAIN VIEW, Calif. – March 19, 2008 – Intuit Inc. (Nasdaq: INTU) today released the second of three unit sales updates for its fiscal year 2008 consumer tax products. Through March 15, total TurboTax federal units increased 15 percent over the same period last year.
"We continue to build momentum, especially online, and are pleased with the way the season is progressing," said Kiran Patel, senior vice president and general manager of Intuit's consumer tax group. "Our focus on ease of use, combined with product improvements and solid marketing execution, are bringing new customers into the TurboTax franchise."
Intuit will issue the third and final update in April during the week after the tax filing deadline.
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.
Founded in 1983, Intuit had annual revenue of $2.67 billion in its fiscal year 2007. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom and other locations. More information can be found at www.intuit.com.
Sales Data and Estimates Used
The unit numbers reported are based on weekly sales reports received by Intuit from its retailers and distributors as well as the number of units sold directly by Intuit. The numbers included in these updates are preliminary and include estimates, including estimates of sales by merchants that do not report their sales to Intuit. Although Intuit takes steps to verify the reliability of the sales data, Intuit believes that errors in the sales reported by its retailers and distributors may impact its reported retail unit numbers on an immaterial basis.
Intuit, the Intuit logo and TurboTax are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
Product Press Kits