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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: Mad2 who wrote (3232)11/21/2000 4:36:24 PM
From: RockyBalboa   of 3543
 
Mad2, new spin:

As reported earlier, consumer demand for Quicken and QuickBooks in the year-ago quarter was exceptionally strong due to Y2K purchases, which has contributed to slower revenue growth in the first quarter of fiscal 2001.

First Quarter Results

Intuit reported revenue of $187.5 million for the first quarter of fiscal 2001, an increase of 6 percent compared to $176.9 million in the first quarter of fiscal 2000. Revenue growth resulted primarily from three factors:

-- A 49 percent increase in payroll revenue;

-- $5.1 million in new QuickBooks Internet Gateway revenue; and

-- A 53 percent increase in Intuit funded online mortgage
revenue.
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