Intuit Doing Well Despite TurboTax Problems

The problems Intuit Inc. had with TurboTax seems not to have affected its online subscription purchases as the number of sign-ups has actually increased for both the tax filing software and for the popular QuickBooks.

Second quarter accounting software purchases went up by a full 50 percent in the company’s second fiscal quarter, an increase of 7 percent over the previous quarter. Purchases of TurboTax went up by 19 percent even though Intuit recorded a loss for that same period of time. This loss surprised market analysts who had thought the stock would be be down by 13 cents … Read more at Free Business Cards