Delicious
Digg
Facebook
LinkedIn
Twitter
TurboTax Online Units Grow 11 Percent; Total Company Fiscal 2012 Guidance Reaffirmed
Through
"Our revenue growth this year benefitted from positive mix shifts within
our TurboTax product lineup," said
For the third quarter of fiscal 2012, Intuit now expects total company revenue to be at or slightly below the low end of its previous guidance range. The company expects operating income and earnings per share to be within its previous guidance ranges.
Intuit today also reaffirmed revenue, operating income, and earnings per share guidance for the total company for fiscal 2012.
|
Season-to-date TurboTax Federal Unit Data |
||||||||||||
|
Season Through |
Season Through |
Change Year-Over- |
||||||||||
| TurboTax Desktop | 6,086,000 | 5,875,000 | (3%) | |||||||||
| Turbo Tax Online | 15,762,000 | 17,495,000 | 11% | |||||||||
|
Sub-total TurboTax |
21,848,000 | 23,370,000 | 7% | |||||||||
|
TurboTax Free File |
1,254,000 | 1,176,000 | (6%) | |||||||||
|
Total TurboTax |
23,102,000 | 24,546,000 | 6% | |||||||||
|
Note: Unit data through |
||||||||||||
About
Founded in 1983, Intuit had annual revenue of
Cautions About Forward-looking Statements
This press release contains forward-looking statements, including full year revenue, operating income and earnings per share guidance for Intuit, full year revenue growth guidance for Intuit's Consumer Tax segment, Intuit's prospects for the current tax season, third quarter revenue, operating income and earnings per share guidance for Intuit, and the statement that Intuit's Consumer Tax segment is well positioned for long-term growth. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements.
These factors include, without limitation, the following: inherent
difficulty in predicting consumer behavior; difficulties in receiving,
processing, or filing customer tax submissions; consumers may not
respond as we expected to our advertising and promotional activities;
product introductions and price competition from our competitors can
have unpredictable negative effects on our revenue, profitability and
market position; governmental encroachment in our tax businesses or
other governmental activities or public policy affecting the preparation
and filing of tax returns could negatively affect our operating results
and market position; we may not be able to successfully innovate and
introduce new offerings and business models to meet our growth and
profitability objectives, and current and future offerings may not
adequately address customer needs and may not achieve broad market
acceptance, which could harm our operating results and financial
condition; business interruption or failure of our information
technology and communication systems may impair the availability of our
products and services, which may damage our reputation and harm our
future financial results; as we upgrade and consolidate our customer
facing applications and supporting information technology
infrastructure, any problems with these implementations could interfere
with our ability to deliver our offerings; any failure to properly use
and protect personal customer information and data could harm our
revenue, earnings and reputation; if we are unable to develop, manage
and maintain critical third party business relationships, our business
may be adversely affected; increased government regulation of our
businesses may harm our operating results; if we fail to process
transactions effectively or fail to adequately protect against potential
fraudulent activities, our revenue and earnings may be harmed; any
significant offering quality problems or delays in our offerings could
harm our revenue, earnings and reputation; our participation in the
More details about these and other risks that may impact our business
are included in our Form 10-K for fiscal 2011 and in our other
Unit Data and Estimates Used
The unit numbers reported are based on weekly reports received by Intuit from its retailers and distributors as well as the number of units provided directly by 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 unit data, Intuit believes that errors in the data reported by its retailers and distributors may impact its reported retail unit numbers on an immaterial basis.
Intuit, the Intuit logo and TurboTax are registered trademarks and/or
registered service marks of
matthew_rhodes@intuit.com
Diane_carlini@intuit.com
Source:
News Provided by Acquire Media
Mixx
Yahoo! Buzz