ts total net revenue is usually highest during its second quarter ending January 31 and third quarter ending April 30. The company typically report losses in its first quarter ending October 31 and fourth quarter ending July 31. Markets The company’s primary target customers are small businesses, consumers, and accounting professionals. Intellectual Property The company has a number of registered trademarks that include Intuit, QuickBooks, TurboTax, Lacerte, ProSeries, Quicken, and Mint. Competition Small Business Group: The company’s small business products and services face competition from companies such as The Sage Group plc. Its small business products and services also face competition from newer online accounting offerings from companies such as Xero. In its payroll business, the company competes directly with Automatic Data Processing, Inc. (ADP), and Paychex. In its merchant services business the company competes directly with large financial institutions such as Wells Fargo, JP Morgan Chase, and Bank of America and with payment processors, including First Data Corporation, Elavon, Global Payments, and FIS-Certegy. Consumer Tax: In the private sector the company faces intense competition from H&R Block, which provides assisted tax preparation services in its stores and a competing software offering called H&R Block At Home. The company also faces competition from several other large assisted tax preparation service providers, including 2nd Story Software’s TaxACT. Accounting Professionals: The company’s Lacerte professional tax offerings face competition from CCH’s ProSystems fx Office Suite and Thomson Reuters’ CS Professional Suite and GoSystems Tax. The company’s ProSeries professional tax offerings face competition from CCH’s ATX and TaxWise offerings. History Intuit Inc. was founded in 1983.
intuit inc (INTU:NASDAQ GS)
2700 Coast Avenue
Mountain View, CA 94043
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