Intuit Tax Biz Slows

Print
Email
Reprints

Intuit's Professional Accounting Solutions, largely its ProSeries and Lacerte operations, posted a 3 percent increase in revenue for the year ended July 31.

The company reported $251.9 million in revenue for the unit, but that included only 3 percent growth for the segment during the April quarter, with software sales actually declining. Overall, Intuit had net income of $317 million, down from $343 million for fiscal 2003. Revenue for 2004 was $1.87 billion, up 13 percent from the prior year.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Register now for FREE site access and more