The delay in the tax season contributed to a 19-percent rise in revenue for the tax preparation business of
Overall, net income for the most recently ended period fell to $8.4 million, a fall of 13.3 percent from $9.7 million a year ago. Blucora's revenue encompasses its tax business and search segment.
In an earnings webcast, CEO William Ruckelshaus pointed to TaxAct's gains among DIY users during this year's tax season.
"TaxAct grew DIY federal efiles 8 percent, double market growth of 4 percent," Ruckelshaus said. He pointed to product enhancements that include new mobile offerings as factors in increased sales.
Meanwhile, the company announced it had acquired Monoprice for $180 million in cash. Monoprice is an online provider of self-branded consumer electronics and accessories. The line of business is not related to either the tax or search business and Ruckelshaus said the company would continue its plans to operate unrelated businesses independently.
