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Intuit Inc. Message Board

  • bluecheese4u bluecheese4u Aug 21, 2012 5:07 PM Flag

    Intuit Grows Fourth Quarter Revenue 14%; Grows Annual Revenue 10%

    August 21, 2012

    Intuit Grows Fourth Quarter Revenue 14 Percent; Grows Annual Revenue 10 Percent

    Increases Quarterly Cash Dividend by 13 Percent to 17 Cents per Share

    MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit Inc. (NASDAQ: INTU) today announced financial results for its fourth quarter and full fiscal year 2012, which ended July 31, and provided initial guidance for fiscal year 2013.

    Unless otherwise noted, all growth rates refer to the current period versus the comparable prior-year period.

    Fourth-quarter 2012 Highlights
    • Increased revenue 14 percent, to $651 million.
    • Announced a 13 percent increase in the quarterly cash dividend, from $0.15 per share to $0.17 per share, to be paid Oct. 18.
    • Completed the acquisition of Demandforce, a leading online marketing and communication software service that helps small businesses attract and retain customers.
    • Grew Payments revenue 31 percent for the quarter, driven by fee structure changes, higher card transaction volume and strong merchant growth.
    • Entered into an agreement to sell Intuit Websites to Endurance International Group. Intuit Websites contributed $76 million in revenue for Intuit in fiscal 2012 and has been treated as discontinued operations.
    • Recorded a $15 million restructuring charge as the company increases its focus on priorities to accelerate growth. This charge reduced GAAP and non-GAAP earnings per share by $0.03.

    Snapshot of Fourth-quarter Results

108.32-1.31(-1.19%)Oct 25 4:00 PMEDT