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| Intuit Reports TurboTax Sales through March 18, 2006 |
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MOUNTAIN VIEW, Calif. -
March
23,
2006 -
Intuit Inc. (Nasdaq: INTU) today announced season-to-date sales for its fiscal year 2006 consumer tax products and services. Through March 18, total paid TurboTax federal unit sales increased 16 percent over the same period last year. At this point last year, Intuit posted a 10 percent gain over prior year sales.
"We continue to be pleased with our results," said Brad Henske, general manager of consumer tax. "We had another strong two weeks of unit sales."
Season-to-Date TurboTax Federal Unit Data
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Comparable Prior-Year Period |
Season Through 3/18/06 |
% Change YOY |
| TurboTax federal desktop units sold through at retail |
4,645,000 |
4,799,000 |
+3% |
| TurboTax federal desktop units sold direct |
1,495,000 |
1,390,000 |
-7% |
| TurboTax Online federal returns sold |
2,348,000 |
3,694,000 |
+57% |
| TOTAL PAID RETURNS |
8,488,000 |
9,883,000 |
+16% |
| Free File Alliance federal units |
1,570,000 |
950,000 |
-39% |
| Total FFA and paid units |
10,058,000 |
10,833,000 |
+8% |
| Note: Season-to-date TurboTax federal unit sales data for the past three tax seasons is available on Intuit's Web site at http://www.intuit.com/about_intuit/investors/. |
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Intuit intends to continue issuing bi-weekly updates of its season-to-date end-user purchase data, based on Intuit's best assessment of its unit sales. The company expects to issue future reports before the market opens every other Thursday through the end of the tax season.
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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 $2 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.
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Sales Data and Estimates Used
The unit numbers reported are based on weekly sales reports received by Intuit from its retailers and distributors as well as the number of units sold directly from Intuit. The numbers included in these updates are preliminary and include estimates, including estimates of sales by merchants that do not report their sales to Intuit. Although Intuit takes steps to verify the reliability of the sales data, Intuit believes that errors in the sales reported by its retailers and distributors may impact its reported retail unit numbers on an immaterial basis.
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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