Top 100 Computer Companies
Intuit Reports Record TurboTax Sales
SAN DIEGO - April 8, 1999 - With still one week left to go until Tax Day, Intuit
Inc. (NASDAQ: INTU)
today announced record sales of its #1-selling TurboTax® personal tax preparation
software program, with 4.1 million units sold so far this year. This represents 800,000
units more than total sales in tax year 1997. In addition, the number of returns prepared
and completed as of April 6, 1999 through WebTurboTaxSM (www.webturbotax.com), the leading Web-based tax
preparation service, is 288,000 (Federal and state) - thirteen times the total usage of
its Web-based offering last tax season.
"Americans have clearly chosen, once again, TurboTax as number one," said Bob
Meighan, vice president of Intuit's Personal Tax Group. "And with the added
achievement of transitioning our technology to WebTurboTax, we've also experienced roaring
success with the leading tax preparation service on the Web."
With WebTurboTax leading the way with more than 280,000 returns completed so far,
Web-based tax returns have already exceeded Forrester Research projections that the total
online tax preparation category would account for 250,000 returns this season. Intuit also
reports that 1.2 million Federal returns - prepared by its TurboTax family of software
programs and services - have been accepted by the IRS through Intuit's Electronic Filing
Center as of April 5.
TurboTax is the leading tax preparation software program, with 4.1 million units sold
so far this year. Its Web-based sister service, WebTurboTax, is the leading site for
preparing and filing taxes on the Internet. With 15 years of personal finance expertise,
Intuit's tax programs save time and money for millions of Americans. In fact, one in five
tax returns are prepared with an Intuit product.
About Intuit Inc.
Intuit Inc., a financial software and Web-based services company, develops and markets
Quicken®, the leading personal finance software; TurboTax, the best-selling tax
preparation software; and QuickBooks®, the most popular small business accounting
software. Intuit's QuickenStore (www.quickenstore.com)
is the online source for consumers to purchase Intuit products via the web.
Intuit's Quicken.com Website (www.quicken.com) is
the premier financial Website, offering a complete set of financial news, information and
tools, including insurance, mortgage, investment and tax preparation services. Intuit's
products and services enable individuals, small businesses and financial professionals to
better manage their financial lives and businesses.