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Intuit Reports TurboTax Sales Through Feb. 17, 2007
MOUNTAIN VIEW, Calif. - Feb. 22, 2007 - Intuit Inc. (Nasdaq: INTU) today announced the first of three season-to-date sales updates for its fiscal year 2007 consumer tax products and services. Through Feb.17, 2007, total paid TurboTax federal unit sales increased 1 percent over the same period last year.

"Year-over-year, we continue to see purchases being made later in the season," said Brad Henske, senior vice president and general manager of consumer tax. "With many consumers choosing to file later in the season, combined with the extended filing deadline, we believe we are well-positioned for another strong year."

Season-to-date TurboTax Federal Unit Data

Comparable Prior-Year Period Season Through Feb. 17, 2007 Percent Change YOY
TurboTax federal desktop units sold 5,077,000 5,034,000 -1%
Turbo Tax for the Web federal returns (non-FFA) 2,534,000 2,633,000 4%
SUB-TOTAL 7,611,000 7,667,000 1%
TurboTax for the Web federal returns donated via Free File Alliance 668,000 718,000 7%
TOTAL 8,279,000 8,385,000 1%
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/.


Intuit will issue two additional updates of its season-to-date end-user purchase data, based on the company’s best assessment of unit sales. The company expects to issue those updates in March and April.
 
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; 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. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.

Founded in 1983, Intuit had annual revenue of $2.3 billion in its fiscal year 2006. The company has more than 8,100 employees with major offices in the United States, Canada, the United Kingdom and other locations. More information can be found at www.intuit.com.
 
Forward Looking Statements
Intuit's statements regarding consumer trends and our belief that Intuit is well-positioned for another strong year are forward-looking statements. Our actual results may differ materially from our expectations due to a number of risks and uncertainties, including the inherent difficulty in accurately predicting consumer behavior; competition from other desktop software providers, Web-based competitors and tax preparation services; and the impact of competition from federal and state government sponsored initiatives that offer tax preparation services at no charge. In addition, we could experience operational difficulties in receiving customer submissions and consumers may not respond as we expect to our advertising and promotional activities. More information on potential factors that could impact our results are included in our public reports filed with the SEC, including our Form 10-K for the fiscal year ended July 31, 2006 and in our other SEC filings. You can locate these reports through our website at http://www.intuit.com/about_intuit/investors. Forward-looking statements are based on information as of Feb. 22, 2007, and we do not undertake any duty to update any forward-looking statements or other information in this press release.
 
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 by 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 and TurboTax are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
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