Here are some highlights of the year:
*PayCycle, acquired by Intuit during the year, had a little less than in $30 million annual revenue. Smith said PayCycle will be its payroll platform, replacing Intuit's prior product.
*The switch by consumers from packaged software to Web-based prepartion continued. There was an 11.3-percent decline in desktop sales, but a 36-percent rise in the sale of Internet-based units.
*The number of active QuickBooks Enterprise Solutions units grew to 37,000 at the end of fiscal 2009, up from 33,000 a year earlier. That 12-percent increase represented a slow-down, but compared favorably to double-digit declines in product sales by traditional mid-market vendors.
*QuickBooks units sold increased to 1.84 million, up 2 percent, while the dollars generated fell 2 percent to $578.8 million.
*The number of consumers filing returns did not grow, which happened in prior recessions, a factor holding down TurboTax growth. Intuit expects that trend to continue during the current fiscal year.
Overall, net income grew to just over $447 million, down 6.2 percent from $476.8 million for the prior fiscal year. Revenue hit just over $3.18 billion, up 3.6 percent from $3.07 billion. That came as product revenue dropped to $1.38 billion for the most recently ended year, down 7.5 percent from just under $1.5 billion the prior period. The company told analysts this reflected a continuing shift from the sale of products to the sale of services.
Intuit continues to seek expansion in the market by reaching customers who do not use software or a service for tax and payroll. Smith said the company believes it can use its QuickBook base as a source of customers for PayCycle.