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Intuit Inc. (NASDAQ:INTU)

WEB NEWS

Wednesday, June 24, 2009

Comments & Business Outlook

“We just finished a strong tax season with double-digit customer growth. We grew our small business customer base and increased share in a challenging economic environment,” said Brad Smith, Intuit’s president and chief executive officer.

“Our continued focus on customers and providing products and services that help consumers and small business owners save and make money enables us to grow our top line. We expect to deliver a solid year with both revenue and operating income growth,” Smith said.

Intuit narrowed its previous guidance range for the full 2009 fiscal year, which ends July 31, and expects:

FULL YEAR 2009 Guidance Ending ^a

	Full Year 2009 Guidance	Full Year 2008 Reported	Period Change
GAAP Revenue	$3.155 billion	$3.185 billion	3% to 4%
GAAP Operating EPS	$1.31 to $1.35	$1.42	7.7% to 4.9%
Non-GAAP Operating EPS ^b	$1.78 to $1.82	$1.66	7.2% to 9.6%%

Source: See Release, May 20, 2009

^a The above forecasts reflect the Company's current and preliminary view and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

^b Non-GAAP EPS Figures exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

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Friday, February 20, 2009

Comments & Business Outlook

Guidance Report: (Non-China)

Full Year Fiscal 2009 Guidance Ending June

	2009 Guidance	2008 Reported	Period Change
GAAP Revenue	$3.13 billion to $3.25 billion	$3.07 billion	2% to 6%
GAAP Operating EPS	$1.32 to $1.43	$1.42	-6% to 1%
*Non-GAAP Operating EPS	$1.78 to $1.89	$1.66	7% to 13%

“While our company is not recession-proof, we are resilient. Consumers and small business owners are focused on saving and making money, and that is what our products are designed to deliver. We help them put more money in their pockets, which creates demand for many of our offerings in any environment. That’s why we still expect to deliver positive revenue growth for fiscal year 2009,” Smith said.

EPS Figures exclude non-operating gains and losses.

Source: Business Wire (February 19, 2009)

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