Friday, August 21, 2015

Intuit reports mixed bag on Q4 earnings; divestitures on deck | ZDNet

Accounting innovation; see Intuit to Divest Demandforce, QuickBase and Quicken (WSJ) for additional details
"Intuit chief executive Brad Smith announced the company will divest Demandforce, QuickBase, and Quicken. That will see Intuit's revenue chopped by about $250 million, with earnings per share down by about 10 cents, for the 2016 fiscal year.

Smith added in prepared remarks: "We closed out our fiscal year 2015 on a strong note, with excellent momentum in each of our core businesses as we continue to see the benefits of our ongoing transformation into a global cloud company.""
Intuit reports mixed bag on Q4 earnings; divestitures on deck | ZDNet
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