![]() The combined revenue of the three discontinued businesses is approximately $250 million, or about 5.5% of projected 2016 revenue of between $4.5 billion to $4.6 billion. A company statement explained that Intuit had decided to sell the products, "to focus on and invest in businesses that strengthen the ecosystem and align with two strategic goals: to be the operating system behind small business success, and to do the nations' taxes in the U.S. ![]() With the earnings release, the company announced that it would divest itself of three product lines: Demandforce, QuickBase, and Quicken, in order to grow core revenue streams. Intuit booked full-year net income of $365 million versus $907 million last year. Revenue for the full year landed at $4.2 billion, which was below the raised guidance of at least $4.4 billion, which the company issued in Q3. Online tax and accounting software provider Intuit ( INTU -0.33%) reported fiscal fourth-quarter 2015 earnings Thursday of $0.05 per share, as compared to a loss of $0.10 in Q2 2014. Lean, modular, monthly subscription products like "Quickbooks Self-Employed" represent future growth opportunities for Intuit.
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