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Intuit
(NasdaqNM: INTU)
USA
At the beginning of 2005, Intuit Chief Executive Stephen Bennett was warning shareholders this could be the year Intuit, maker of some of the most iconic retail software, would slide into single-digit growth. But thanks to a banner TurboTax year, revenues grew a solid 15% instead. That wasn't the only challenge Bennett overcame. In the fall, the QuickBooks franchise faced a big threat from Microsoft's new Small Business Accounting product. It was a threat Bennett had expected, and he was ready. So far, Intuit appears to be holding its own against the Redmond (Wash.) giant. Shareholders breathed a sigh of relief on both fronts as the stock returned a strong 27.8%, more than triple the three-year average of just 7.8%.
Company Info |
|
| 2005 Rank | Not Ranked |
| Sales* ($ Millions) | 2,301.2 |
| Sales Growth (over prev. year) |
15 % |
| Profits* ($ Millions) | 373.7 |
| Return on Equity | 22.3 % |
| Total Return on Sales (12-mo.) | 27.8 |
| Share Price As of 5/31/06 | 55.29 |
| CURRENT MARKET INFO | NasdaqNM: INTU |
| No. of Employees | 7,000 |
| Industry | Software |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Intuit provides business and financial management solutions for small business, consumer and professional tax, and accountants in the U.S., Canada, and Internationally. It offers QuickBooks-related products including QuickBooks accounting and business management software for small businesses, as well as the products and services that can be added on to QuickBooks. These include financial supplies, QuickBooks Payroll, merchant services, and technical support. The company's Intuit-branded small business products include outsourced payroll and solutions designed to meet the needs of businesses in the property management, wholesale durable goods distribution, and construction industries. The tax portfolio consists of two segments, consumer tax and professional tax. Consumer tax includes TurboTax consumer tax products and services. Professional Tax includes Lacerte and ProSeries professional tax products and services. Its other portfolio includes Quicken personal finance products and services. Intuit markets its products and services directly to its customers through its Web sites, call centers, and direct sales force, as well as through office supply superstores, warehouse clubs, consumer electronics retailers, food and drug retailers, catalogers, and general mass merchandisers. The company was founded in 1983 and is headquartered in Mountain View, Calif.
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