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| Intuit Reports TurboTax Sales Through Jan. 24, 2004 |
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MOUNTAIN VIEW, Calif. -
January
29,
2004 -
Intuit Inc. (Nasdaq: INTU) today announced season-to-date sales for its consumer tax products and services. Through Jan. 24, 2004, total end-user purchases of TurboTax® federal desktop software and TurboTax® for the WebSM federal units increased 15 percent over the prior-year period.
"We continue to be pleased with the start of the tax season, which is typically about one-third complete at this point," said Steve Bennett, Intuit's president and chief executive officer. "Our advertising and promotional efforts over the last few weeks are paying off."
Season-to-Date TurboTax Federal Sales Data
|
Comparable Prior-Year Period |
Season Through 1/24/04 |
% Change YOY |
| TurboTax federal desktop units sold through at retail |
1,593,000 |
1,839,000 |
15% |
| TurboTax federal desktop units sold direct |
931,000 |
1,054,000 |
13% |
| TurboTax for the Web federal returns sold |
122,000 |
162,000 |
33% |
| TOTAL |
2,646,000 |
3,055,000 |
15% |
| TurboTax for the Web federal returns donated via Free File Alliance |
91,000 |
37,000 |
-59% |
|
Tax sales typically fluctuate early in the season as promotions and marketing programs vary from year to year. Therefore, early results may not predict the season as a whole.
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About Intuit
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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.
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Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the tax season and our promotional efforts. Actual results may differ materially from our expectations. Risks and uncertainties that may affect our future results include, but are not limited to, the effectiveness of our advertising and promotional efforts and competitive pressures from both the public and private sectors.
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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