Intuit Expects 11% Revenue Growth In TurboTax


[Techtaffy Newsdesk]

Intuit has released the last of three season-to-date updates for its fiscal year 2012 consumer tax offerings. Through April 18, total TurboTax federal units excluding Free File Alliance were up 7 percent, with total TurboTax federal units up 6 percent compared to the same period last year. Also through April 18, TurboTax Online units were up 11 percent compared to the same period last year. Intuit expects consumer tax revenue growth of approximately 11 percent for fiscal year 2012.

For the third quarter of fiscal 2012, Intuit now expects total company revenue to be at or slightly below the low end of its previous guidance range. The company expects operating income and earnings per share to be within its previous guidance ranges.