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Intuit Announces Two Million Registered Quickbooks Users
Product Line Continues to Maintain Record 80% Market Share at Retail
MOUNTAIN VIEW, Calif. - June 14, 1998 - Intuit Inc. (NASDAQ: INTU) today announced that there are now more than 2 million registered users of its QuickBooks® small business accounting software. First released in 1992, QuickBooks quickly became the retail market leader and now consistently maintains around 80% of the small business accounting software market at retail.1

"We are extremely proud that more than 2 million customers have chosen QuickBooks as the best solution to successfully manage their small business finances," said Jim Heeger, senior vice president of the small business division at Intuit. "We are also very excited about the record number of customers who have already expressed interest in the new multi-user version of QuickBooks Pro®, which we will officially launch later this month. More customers than ever before volunteered to test the new multi-user version and the feedback has been overwhelmingly positive."

According to PC Data, 8 out of 10 retail customers already choose QuickBooks or QuickBooks Pro over competing small business accounting software, including all single-user and multi-user competitive products combined.

Intuit anticipates a record number of growing small businesses will now standardize on QuickBooks Pro as the company introduces the new multi-user version of the product later this month.

QuickBooks, from Intuit Inc., the makers of Quicken®, is designed for small business owners who do not want the hassle of trying to understand accounting jargon or debit/credit accounting. Using QuickBooks, small business owners can easily create custom invoices, enter sales, perform payroll, manage inventory and even do their banking and pay their bills online. QuickBooks Pro adds easy job costing, estimating and time tracking capabilities as well as new multi-user functionality in the upcoming version.

 
Intuit Inc., a financial software and Web-based services company, develops and markets Quicken, the leading personal finance software; TurboTax, the best-selling tax preparation software; and QuickBooks, the most popular small-business accounting software. Intuit's Quicken.com Web site (www.quicken.com) offers a complete set of personal finance news, information and tools, including the leading mutual fund and insurance sites. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.
 
Intuit, the Intuit logo, Quicken, QuickBooks, and QuickBooks Pro are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
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