The increase came largely from adding new customers with factors such as pricing changes have a much smaller impact.

For the quarter, Intuit reported net income of $57 million, which was 40.4-percent higher than the $34 million in last year’s corresponding period. Revenue was reported at $1.66 billion, rising 14.7-percent from slightly more than $1 billion in the first quarter of fiscal 2019.

International online revenue also had significant growth; 60-percent higher than a year ago. CEO Sasan Goodarzi highlighted QBO’s success in the United Kingdom. 

“We now hold the number one position for cloud accounting subscribers,” Goodarzi said during the webcast. That would mean that QBO subscribers have exceeded Xero subs in the country. Desktop QB revenue, including license sales and subscriptions, grew to $239 million in the recently ended quarter, rising 4.8 percent from $228 million a year earlier. Goodarzi said the desktop driver continues to be QuickBooks Enterprise Solutions.