Block Reports Record TaxCut Sales

 

Kansas City, Mo. (June 5, 2002) -- Sales of TaxCut, H&R Block's consumer tax software, jumped more than 10 percent in 2002, the tax prep giant reported this week.

 

Block said strong sales of its TaxCut State and TaxCut Platinum Home & Business products fueled increases in the firm's overall retail unit share and the largest number of software clients since TaxCut was introduced in 1994.

 

Revenue from retail sales of TaxCut products increased 28.2 percent during the last year to $40.7 million in 2002, from $29.3 million in 2001, according to NPDTechworld, a provider of market information for the information technology industry.

 

TaxCut State sales rose 57 percent from the previous year, while TaxCut Platinum Home & Business sales increased more than 50 percent. H&R Block's audited sales numbers will be available June 12.

 

-- Electronic Accountant Newswire staff

 

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