Press Releases
| Intuit Reports TurboTax Sales through Feb. 4, 2006 | |||||||||||||||||||||||||||||||||
| MOUNTAIN VIEW, Calif. - Feb. 9, 2006 - Intuit Inc. (Nasdaq: INTU) today announced season-to-date sales for its fiscal year 2006 consumer tax products and services. Through Feb. 4, total TurboTax federal unit sales increased 6 percent over the same period last year. At this point last year, Intuit posted a 3 percent gain over prior year sales. "We're pleased with our results to date especially with the growth of TurboTax Online and look forward to another good tax season," said Brad Henske, general manager of consumer tax. Season-to-Date TurboTax Federal Unit Data
Intuit intends to continue issuing bi-weekly updates of its season-to-date end-user purchase data, based on Intuit's best assessment of its unit sales. The company expects to issue future reports before the market opens every other Thursday through the end of the tax season. About Intuit Inc. Intuit Inc. is a leading provider of business and financial management solutions for small- and mid-sized businesses, 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. Founded in 1983, Intuit had annual revenue of more than $2 billion in its fiscal year 2005. The company has nearly 7,000 employees with major offices in 13 states across the United States, and offices in Canada and the United Kingdom. More information can be found at www.intuit.com. |
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| Forward Looking Statements Intuit's statement that it looks forward to another good tax season is a forward-looking statement. Our actual results may differ materially from our expectations due to a number of risks and uncertainties, including the inherent difficulty in accurately predicting consumer behavior; the impact of competition from federal and state government sponsored free file alliances that offer tax preparation services at no charge; and competition from other desktop software providers and Web-based competitors. In addition, we could experience operational difficulties in receiving customer submissions and consumers may not respond as we expect to our advertising and promotional activities. More information on potential factors that could impact our results are included in our public reports filed with the SEC, including our Form 10-Q for the quarter ended October 31, 2005 and our Form 10-K for the fiscal year ended July 31, 2005. We assume no obligation to update any forward-looking statements or information, which speak as of the date of this press release. 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 from 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, TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. |
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