Intuit Posts Strong Growth After Launching More Tax Services
Intuit Inc. posted strong revenue growth following the end of the US tax season, suggesting the financial software company is finding success offering users more expensive services.
Fiscal third-quarter revenue increased 15% to $7.8 billion, the company said Thursday in a statement. Analysts, on average, estimated $7.6 billion, according to data compiled by Bloomberg. The period that ended April 30 — including tax season — is the most critical for the maker of TurboTax and other finance software. Profit, excluding some items, was $11.65 a share, compared with analysts' average projection of $10.96.
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