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Intuit Stopping New Desktop Sales

Intuit will halt sales of desktop QuickBooks products to new customers on July 31. It will continue to support the applications for existing customers. 

The one exception in the mid-market QuickBooks Enterprise, a desktop package which has shown strong growth. In the last two financial quarters, Intuit reported QBE revenue grew in the low 20-percent range.

Next summer, new customers will not be able to buy desktop versions of QuickBooks Pro Plus, Premier Plus, Mac Plus and Enhanced Payroll.

This action follows Intuit’s hiking pricing on the desktop products which helped the software company’s desktop QB business to achieve year-over-revenue growth of 14 percent for the first quarter ended October 31.

Meanwhile, revenue for QB Online rose by 22.3 percent year-over-year for the first quarter ended October 31, rising to $762 million in the quarter, compared to $623 million a year earlier.

 First-revenue revenue for QBO hit $2.85 billion, rising 25.7. percent from $2.27 billion. Services is the area where QBO growth outstrips desktop. Desktop services were flat at $1.17 billion. However, the same category for QBO reached $2.91. billion, a 34 percent rise form $2.17 billion. 

Overall, QBO ecosystem revenue shot past $5 billion, hitting $5.76 billion, up from $4.44 billion a year earlier. QBO services received a boost from MailChimp, payroll, payments, capital and time tracking. Overall, Intuit posted income of $241 million in the most recently ended period, up from $40 million. Revenue grew 15 percent to slightly less than $3 billion from $2.6 billion in last year’s corresponding period.

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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