Intuit Announces $500 Million Stock Repurchase Program
MOUNTAIN VIEW, Calif. -
Nov.
16,
2005 -
Intuit Inc. (Nasdaq: INTU) today announced a new three-year stock repurchase program for up to $500 million. With the balance remaining in the repurchase program announced in May 2005, Intuit has nearly $600 million available to repurchase shares of its stock.
Since authorizing its first stock repurchase program in May 2001, Intuit has spent approximately $2.7 billion to repurchase approximately 60 million shares of its stock.
About Intuit Inc.
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 $2.0 billion in its fiscal year 2005. The company has nearly 7,000 employees, with major offices in 13 states across the United States and offices in Canada and the United Kingdom. More information can be found at www.intuit.com.
Intuit and the Intuit logo among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
