ProConnect Group revenue reflects sales of ProConnect Tax Online, Lacerte and ProSeries. The total fell to $207 million for the most recently ended quarter, down from $224 million a year ago.
Meanwhile, the delay of the start of tax season to February 12 took a chunk out of revenue for the second quarter. Revenue for the Consumer Group, which includes TurboTax sales, dropped 71 percent to $177 million from $499 million in last year’s corresponding period. Intuit expects to recoup that as the season progress and to end the year on July 31 with revenue for the group by 9 percent to 10 percent over last year.
Overall, net income of $20 million, a sharp drop from $240 million a year earlier. Revenue for the second quarter was $1.58 billion, down 7 percent from slightly less than $1.7 billion a year earlier.