Intuit Inc.’s Third Quarter Earnings up by 19 Percent
Intuit Inc. posted amazing third quarter figures as their earnings elevated by 19%. Intuit a tax software making firm reflects its strong growth in the recent tax season and surge in its small business products. Intuit Inc.'s success is backed by its best known brand Turbo Tax. Units of Turbo Tax were almost up by 11% for the quarter where as its online units were up by 18%.
Most of analysts suggest revenue of $587.2 million, while Intuit expects it be near $567million to $587 million. However Intuit reflected a profit of $688 million or $2.33 per share on sales of $1.85 billion, where as the analysts predicted the rate of $2.27 per share on revenue of $1.82 billion.
In past 12 months shares of intuit are up more than 62%. Intuit Inc.'s 85% of small biz revenue comes from services on its web site.