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Subject Author Date
quicken stock download fails Bob 03-25-2008
Posted by John Pollard on March 27, 2008, 1:55 pm
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 Oilcan wrote:
> I wouldn't consider Quicken as Intuits "flagship" product.
> There tax
> products are more of a "flagship" then Quicken.

Actually, Quicken is further down the list than that (don't
forget Quickbooks): Quicken accounts for less than (and quite
possibly significantly less than) 17% of Intuit's revenues.

--

John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup



Posted by John on March 27, 2008, 6:03 pm
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 John Pollard wrote:
> Oilcan wrote:
>> I wouldn't consider Quicken as Intuits "flagship" product.
>> There tax
>> products are more of a "flagship" then Quicken.
>
> Actually, Quicken is further down the list than that (don't
> forget Quickbooks): Quicken accounts for less than (and quite
> possibly significantly less than) 17% of Intuit's revenues.
>

That is interesting. I would have thought TTax and Quicken where the
bulk of the sales with Quickbooks and the Lawyer program, etc. as
minority products - in terms of revenue.
john

Posted by Andrew on March 27, 2008, 8:28 pm
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John wrote:

> That is interesting. I would have thought TTax and Quicken where the
> bulk of the sales with Quickbooks and the Lawyer program, etc. as
> minority products - in terms of revenue.
> john

The Quicken "Lawyer" program (eg: Quicken Legal Business Pro 2008) and
Quicken Willmaker are both made by Nolo, I believe, and Intuit probably only
gets licensing rights, and perhaps some (small) percentage of sales
income -- but I bet Nolo gets the bulk of the $.

If you look at the Fiscal 2007 report of Intuit, Quicken doesn't even make
the cut as part of any key product group! It's lumped in the 'other
businesses' section that is below the "Professional Tax Products and
Services" which in and of itself is 11%. So Q is probably single digit
revenue to Intuit!

From their 10-K form:

1 - QuickBooks products and services 22%
2 - Payroll and Payments products and services 19%
3 - Consumer Tax products and services 31%
4 - Professional Tax products and services 11%
--
-------------------------------------------------------------
Regards -

- Andrew



Posted by John on March 28, 2008, 4:29 pm
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Andrew wrote:
> John wrote:
>
>> That is interesting. I would have thought TTax and Quicken where the
>> bulk of the sales with Quickbooks and the Lawyer program, etc. as
>> minority products - in terms of revenue.
>> john
>
> The Quicken "Lawyer" program (eg: Quicken Legal Business Pro 2008) and
> Quicken Willmaker are both made by Nolo, I believe, and Intuit probably only
> gets licensing rights, and perhaps some (small) percentage of sales
> income -- but I bet Nolo gets the bulk of the $.
>
> If you look at the Fiscal 2007 report of Intuit, Quicken doesn't even make
> the cut as part of any key product group! It's lumped in the 'other
> businesses' section that is below the "Professional Tax Products and
> Services" which in and of itself is 11%. So Q is probably single digit
> revenue to Intuit!
>
> From their 10-K form:
>
> 1 - QuickBooks products and services 22%
> 2 - Payroll and Payments products and services 19%
> 3 - Consumer Tax products and services 31%
> 4 - Professional Tax products and services 11%

Hey thanks for the information Andrew. Intuit is a much different
company than I first thought.
Cheers - john

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