Intuit Inc. (Nasdaq:INTU) today released the final season-to-date unit update for its fiscal year 2008 consumer tax products. From mid-November through April 16, total TurboTax federal units increased 17 percent over the same period last year.
“We completed another successful tax season,” said Kiran Patel, senior vice president and general manager of Intuit’s consumer tax group. “Every year, more American taxpayers trust TurboTax for their tax preparation needs. Our strong growth is a result of our singular focus on ease and our commitment to consistently delighting our customers.”
Season-to-date TurboTax Federal Unit Data | ||||||
| Comparable Prior-Year Period | Season Through April 16, 2008 | Percent Change Year-Over-Year | ||||
| TurboTax desktop units | 6,942,000 | 6,997,000 | 1% | |||
| TurboTax Web units | 6,042,000 | 8,268,000 | 37% | |||
| Sub-total TurboTax Units | 12,984,000 | 15,265,000 | 18% | |||
| TurboTax Free File Alliance Web units | 1,422,000 | 1,589,000 | 12% | |||
| TOTALTurboTax Units | 14,406,000 | 16,854,000 | 17% | |||
These figures exclude returns filed exclusively as part of the Economic Stimulus Package.
Note: Season-to-date TurboTax federal unit data for the past three tax seasons is available on Intuit's Web site at http://www.intuit.com/about_intuit/investors/under Historical TurboTax Data.
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 $2.67 billion in its fiscal year 2007. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom and other locations. More information can be found at www.intuit.com.
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 delivered 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.
Contacts:
Investors
Bob Lawson, 650-944-6165
robert_lawson@intuit.com
or
Media
Holly
Perez, 650-944-6482
holly_perez@intuit.com
