Reported about 15 hours ago
Intuit Inc. reported a significant revenue increase of 15% to $7.8 billion after the recent US tax season, boosted by offering more advanced tax services. Although the company raised its revenue outlook for the year, it noted a decline in TurboTax's free users and market share, causing some concern among investors. Analysts suggest that the potential discontinuation of a free tax service offered by the IRS could benefit Intuit's business.
Source: YAHOO