Intuit Announces Record Third-Quarter Revenue; Raises Full-Year Revenue and Earnings Guidance

Intuit Announces Record Third-Quarter Revenue; Raises Full-Year Revenue and Earnings Guidance

Intuit Inc. (Nasdaq: INTU) today announced its third-quarter 2007 revenue increased 21 percent over the year-ago quarter to $1.15 billion. This marks the first time Intuit revenue has exceeded $1 billion in a quarter.

Growth was driven by a strong tax season, excellent performance in QuickBooks and the acquisition of Digital Insight to create a Financial Institutions segment. Revenue for the first nine months of the fiscal year grew 14 percent.

“We had great results from all of our businesses this quarter,” said Steve Bennett, Intuit’s president and chief executive officer. “Our two biggest growth engines, Tax and Small Business, continue to perform very well and our newest growth engine, Financial Institutions, is also making a significant contribution. We’re on track for another year of double-digit revenue and earnings growth.”

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