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| Intuit Reports TurboTax Sales Through Feb. 21, 2004 |
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MOUNTAIN VIEW, Calif. -
February
26,
2004 -
Intuit Inc. (Nasdaq: INTU) today announced season-to-date sales for its consumer tax products and services. Through
Feb. 21, 2004, total end-user purchases of TurboTax® federal desktop software and TurboTax® for the WebSM federal units increased 13 percent over the prior-year period.
"We continue to be pleased with the results of our TurboTax business, with continued strong retail sales and strong results with TurboTax for the Web," said Steve Bennett, Intuit's president and chief executive officer. "As we've noted before, desktop sales are shifting from direct to retail this season reflecting our focus of more of our marketing and promotion efforts on the retail channel."
Season-to-Date TurboTax Federal Sales Data
|
Comparable Prior-Year Period |
Season Through 2/21/04 |
% Change YOY |
| TurboTax federal desktop units sold through at retail |
3,042,000 |
3,530,000 |
+16% |
| TurboTax federal desktop units sold direct |
1,423,000 |
1,432,000 |
+1% |
| TurboTax for the Web federal returns sold |
1,245,000 |
1,465,000 |
+18% |
| TOTAL |
5,710,000 |
6,427,000 |
+13% |
| TurboTax for the Web federal returns donated via Free File Alliance |
663,000 |
424,000 |
-36% |
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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, our product mix, 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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