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Intuit Inc. Message Board

  • waiting_my_turn waiting_my_turn Jan 23, 2001 3:23 PM Flag

    Earnings shifting to next quarter?

    Intuit seems to be making a strong push to online use of its tax software this year. It is available via Quicken, Fidelity, Vanguard, etc. It seems to me that the convenience of this product makes it likely that users will wait until closer to the tax deadlines to file. If so, many users will not buy the product in Dec and Jan, but will wait instead until Feb, Mar. And I think the online product is 'free' until you file so Intuit won't see money from that until Mar and Apr.

    If the tax product is getting lots of sales growth perhaps earnings will look fine, but if not, this upcoming earnings report might be weaker than usual for Intuit's 'best' quarter.

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