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Intuit ProConnect Revs Up 14.6 Percent

Wednesday, Mar 02 2022
Tax
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Revenue for Intuit’s professional tax business for by 14.6 percent fpr the second quarter ended January 30. The revenue, which reflects sales of ProSeries, Lacerte and Intuit Tax Pm;ome, rose to $237 million for the most recently ended quarter, up from $207 million a year earlier.

 Intuit did not discuss details of the professional business as to the source of increased sales—whether new customers of a rise in price. The second quarter is usually the biggest revenue quarter for the pro tax business, although the delayed start to last year’s tax season moved a significant amount of sales into the third quarter. But the second and third quarters together in fiscal 2021 accounted for 85.5 percent of the unit's revenue for the fiscal year

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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