Intuit reported that its fiscal 2008 revenue of $3.1 billion grew 15 percent from last year and its fourth quarter revenue of $478 million increased 11 percent from the year-ago quarter.

However, the accounting and tax software developer also reported a fourth-quarter loss of $61.9 million, or 19 cents per share, compared with a loss of $13.6 million, or 4 cents per share, in the year-ago quarter. That was in line with analyst expectations as the company typically experiences a loss in the fourth quarter.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access