Intuit Reports TurboTax Sales Through March 17, 2007
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Reiterates Guidance for Fiscal 2007
MOUNTAIN VIEW, Calif. – March 21, 2007 – Intuit Inc. (Nasdaq: I TU) today announced the second of three season-to-date sales updates for its fiscal year 2007 consumer tax products and services. Through March 17, 2007, total TurboTax federal unit sales increased 1 percent over the same period last year.
“We are pleased with online unit sales over the past month and have about one-third of the online season still to come,” said Brad Henske, senior vice president and general manager of consumer tax. “For the full season, we expect total unit growth of 3 percent to 5 percent. The changes we made to our product lineup and our pricing strategies are resulting in higher average selling prices both in retail and online. Given these results, we’re confident in reiterating our 10 percent to 15 percent segment revenue growth guidance.”
Intuit also reiterated its fiscal 2007 guidance for the company and other segments previously provided in its Feb. 22, 2007 earnings release.
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