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| Intuit Announces Fifth Stock Repurchase Program |
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MOUNTAIN VIEW, Calif. -
May
18,
2005 -
Intuit Inc. (Nasdaq: INTU) today announced that its board of directors has authorized a three-year stock repurchase program for up to $500 million. This is Intuit’s fifth repurchase program.
Intuit used all remaining funds in its fourth repurchase program, which was authorized in May 2004, during its third-quarter 2005, which ended on April 30.
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About Intuit Inc.
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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 $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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Intuit, the Intuit logo, TurboTax and TurboTax for the Web, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
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