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Intuit profit jumps 20 pct as demand rises for TurboTax, QuickBooks
May 20, 2014 / 8:13 PM / 3 years ago

Intuit profit jumps 20 pct as demand rises for TurboTax, QuickBooks

May 20 (Reuters) - Intuit Inc reported a 20 percent jump in quarterly profit due to strong demand for its tax-preparation software TurboTax and accounting software QuickBooks.

The company’s net income rose to $984 million, or $3.39 per share, in the third quarter ended April 30 from $822 million, or $2.71 per share, a year earlier.

Revenue rose about 14 percent to $2.39 billion. (Reporting by Amrutha Gayathri in Bangalore; Editing by Sriraj Kalluvila)

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