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Intuit Inc. Message Board

  • j_smales j_smales Aug 29, 2000 4:08 PM Flag


    Revenues came in higher than wall street expected
    - $162mm while most estimates were for $155mm. If
    you take the $7mm difference and divide it by
    203.72mm shares outstanding you get around 3.5 cents per
    share. On top of that they spent considerably less on
    service and support (a concern TR has voiced) and
    gen'l/admin expenses vs. the same period last year. This is a
    very simplistic look, but the key is to know why
    revenues came in higher - where they came from, which I
    don't really know.

    I also think estimates were
    too conservative and right now wall street is perhaps
    raising the bar a bit after such a disparity. Its also
    tough to judge company performance during a quarter
    that shows such little production from the company's
    main source of revenues. I think wall street may have
    underestimated the amount of revenues they would receive from
    their internet operations. I know that for the fiscal
    year, Internet revenues were more than double that of
    last year.

    I would be buying on any weakness
    heading into the seasonally strong new product season. I
    think we will see a very strong year ahead as consumers
    and small businesses buy all that new software they
    thought would melt their computers due to Y2K. They will
    also start making money with Rock Financial and
    Internet hosting.

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    • Let's not forget that Intuit increased their
      margin % and their sales forecast at the last qtr.
      announcement. Intuit said on the call it expects 2001 sales to
      rise 22 percent and that pro forma operating income
      will increase in the low 30-percent range.

      is a major reason for the increase in the stock
      price of late.

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