Intuit to Divest Demandforce, QuickBase and Quicken
21 August 2015 - 7:00AM
Dow Jones News
By Josh Beckerman
Intuit Inc., the maker of TurboTax, said it plans to divest its
Demandforce, QuickBase and Quicken operations to sharpen its
focus.
The company also said its loss excluding items for the quarter
ended July 31 was five cents a share, while revenue rose 7% to $696
million. Intuit had expected a loss excluding items of 10 cents to
12 cents a share on revenue of $720 million to $745 million.
The company said "small business momentum continues to build"
and it posted strong growth in QuickBooks Online subscribers.
Intuit shares fell 1.4% to $101.51 in after-hours trading.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 20, 2015 16:45 ET (20:45 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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