Intuit Reports TurboTax Sales Through Feb. 19, 2005
Mountain View, Calif. - February 24, 2005 - Intuit Inc. (Nasdaq:
INTU) today announced season-to-date sales for its consumer tax
products and services. Through Feb. 19, total federal units,
including Free File Alliance, grew 16 percent over the same period
last year. Excluding Free File, federal units were up 6 percent
over the same period.
"This was a very good two weeks for our TurboTax business," said
Brad Smith, senior vice president of consumer tax. "We believe
TurboTax is gaining momentum as our
advertising campaign drives
volume and share gains in both retail and on the Web."
Laptop Battery 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.
laptop computers is driving strong sales for notebook computers, according to the latest quarterly sales figures from the research firm IDC, which reported a 37% computer sales for the second quarter, compared with a year earlier. In the U.S., laptop sales grew 17.7%, while sales of desktop computers and servers fell 4%. The New York Times ( 10), CNET ( 10)
Thinkpad Season-to-Date TurboTax Federal Sales Data
|
Comparable Prior-Year
Period |
Season Through
2/19/05 |
% Change
YOY |
| TurboTax federal desktop
units sold through at retail |
3,530,000 |
3,809,000 |
+8% |
| TurboTax federal desktop
units sold direct |
1,432,000 |
1,330,000 |
-7% |
| TurboTax for the Web paid
federal returns sold |
1,465,000 |
1,690,000 |
+15% |
| SUB-TOTAL |
6,427,000 |
6,829,000 |
+6% |
| TurboTax for the Web federal
units donated via Free File Alliance |
424,000 |
1,086,000 |
+156% |
| TOTAL |
6,851,000 |
7,915,000 |
+16% |
According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.
Microsoft About Intuit Inc.
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Laptop Computers 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.
Track sales, sales taxes, and customer payments Track employee time and expenses to bill clients Easily export or enter data into TurboTax, or send to your accountant 4 Create 100+ customizable reports, like Profit & Loss Statements and sales reports, Specific NEW! View unbilled employee time & expenses in a single screen; transfer to an invoice in one click Plan for the future by creating a business plan and sales & expense forecasts.
Laptop Computer Founded in 1983, Intuit had annual revenue of nearly $1.9
billion in its fiscal year 2004. 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.
Virtual servers may have a different hardware configuration (the box that you're moving your data from), and with Acronis True Image Universal Restore, we actually have the ability, now, to take that image of a physical box, say you might have it on a Dell Server, and restore that image to an IBM Server, running VMWare, or Microsoft Virtual Server 2005.
Desktop Computer Forward Looking Statements
Mr. Smith's statement regarding TurboTax gaining momentum is a
forward-looking statement. 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; the impact of competition from federal and state
government sponsored free file alliances that offer tax preparation
services at no charge, competition from other desktop software
providers and increased competition from a growing number of
Web-based competitors, we could lose revenue and customers in our
Web-based business if we fail to maintain reliable and responsive
service levels or if the IRS or other governmental agencies
experience 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-Q for the quarter ended October
31, 2004 and our Form 10-K for the fiscal year ended July 31, 2004.
We assume no obligation to update any forward-looking statements or
information, which speak as of their respective dates.
Notebooks 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.
Lenovo 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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