Intuit Press Release- Intuit Reports TurboTax Sales Through Jan. 10, 2004

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Intuit Reports TurboTax Sales Through Jan. 10, 2004

MOUNTAIN VIEW, Calif. - January 15, 2004 - Intuit Inc. (Nasdaq: INTU) today announced season-to-date sales for its consumer tax products and services. Through

Jan. 10, 2004, total end-user purchases of TurboTax® federal desktop software increased modestly over the prior-year period. Intuit's TurboTax® for the Web^SM offering was launched on Jan. 12, so there are no season-to-date results.

"Intuit is off to a solid start for the tax season, as tax sales at both retail and in total have continued to shift later and later each year," said Steve Bennett, Intuit's president and chief executive officer. "Based on early results, we continue to expect to report consumer tax revenue in the $114 million to $124 million range for our second quarter, which ends on January 31."

Season-to-Date TurboTax Federal Sales Data
(in thousands)

	Comparable Prior-Year Period	Season Through 1/10/04	% Change YOY
TurboTax federal desktop units sold through at retail	968	873	-10%
TurboTax federal desktop units sold direct	793	916	+16%
TurboTax for the Web federal returns sold	0	0	0
TurboTax for the Web federal returns donated via Free File Alliance	0	0	0
TOTAL	1,761	1,789	+2%

About Intuit

Intuit Inc. (Nasdaq: INTU) 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 $1.6 billion in its fiscal year 2003. The company has nearly 7,000 employees with major offices in 13 states across the U.S. and offices in Canada and the United Kingdom. More information can be found at www.intuit.com.

Forward-Looking Statements This press release contains forward-looking statements regarding sales trends and our expected consumer tax revenue for the quarter ending Jan. 31, 2004. Actual trends and revenue results may differ materially from our expectations. Risks and uncertainties that may affect our future trends and results include, but are not limited to, the following:

If Intuit fails to maintain reliable and responsive customer support and product fulfillment functions for our TurboTax products, we could lose revenue and customers.
We face competitive pressures from both the public and private sectors that could reduce our expected sales and revenue.
Our customers could defer the purchase of our products until the third fiscal quarter, resulting in lower than expected revenue for the quarter ending Jan. 31, 2004.

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. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.


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