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 <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.intuit.com/" rel="nofollow" rel="nofollow">Intuit Inc.</a> INTU today 
 released the second and final update for its fiscal year 2017 consumer 
 tax offerings. Season-to-date through April 22, total TurboTax units 
 grew 2 percent versus the comparable prior-year period.
 
 
 "We grew units and revenue in a challenging environment," said Dan 
 Wernikoff, executive vice president and general manager of Intuit's 
 TurboTax business. "Internal Revenue Service returns are relatively flat 
 and our share of the do-it-yourself category was slightly down. Revenue 
 growth exceeded unit growth this season as share declines were 
 concentrated in the lower-end of our product line-up."
 
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 Season-to-date TurboTax Federal Unit Data
 
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 </td>
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 </td>
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 </td>
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 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
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 </td>
 </tr>
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 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
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 Season through April 22, 2017
 
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 </td>
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 Season through April 23, 2016
 
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 Change
 
 
 Year-Over- Year
 
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 TurboTax Desktop
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
 5,295,000
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
 5,340,000
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
 -1%
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 TurboTax Online
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 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
 28,113,000
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
 27,564,000
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
 2%
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 Sub-total TurboTax Units
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 33,408,000
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
 32,904,000
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
 2%
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 TurboTax Free File Alliance
 </td>
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 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
 1,206,000
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
 1,004,000
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
 20%
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 Total TurboTax 

 
 Units
 
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 </td>
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 34,614,000
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
 33,908,000
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom">
  
 </td>
 <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
 2%
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 "We delivered on revenue and we believe that the pace of innovation 
 we've set, our proven go-to-market capabilities, promising early results 
 from opening our platform, and our deep customer trust and confidence 
 put us in a strong position for next season and beyond," said Wernikoff.
 
 
 Full-year Guidance
 
 
 Intuit also reiterated third quarter and full-year company revenue, 
 operating income and earnings per share guidance. This included 
 full-year Consumer Tax revenue growth guidance of 6 to 8 percent.
 
 
 The company is scheduled to report results for its third fiscal quarter 
 on May 23.
 
 
 About Intuit
 
 
 <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.intuit.com/" rel="nofollow" rel="nofollow">Intuit Inc</a>. is committed to 
 powering prosperity around the world for consumers, small businesses and 
 the self-employed through its ecosystem of innovative financial 
 management solutions.
 
 
 Its flagship products and services include <a xmlns="http://www.w3.org/1999/xhtml" href="https://quickbooks.intuit.com/" rel="nofollow" rel="nofollow">QuickBooks</a>® and <a xmlns="http://www.w3.org/1999/xhtml" href="https://turbotax.intuit.com/" rel="nofollow" rel="nofollow">TurboTax</a>®, 
 which make it easier to manage <a xmlns="http://www.w3.org/1999/xhtml" href="https://quickbooks.intuit.com/smallbusiness/" rel="nofollow" rel="nofollow">small 
 businesses</a> and <a xmlns="http://www.w3.org/1999/xhtml" href="https://turbotax.intuit.com/" rel="nofollow" rel="nofollow">tax 
 preparation and filing</a>. <a xmlns="http://www.w3.org/1999/xhtml" href="https://quickbooks.intuit.com/self-employed/" rel="nofollow" rel="nofollow">QuickBooks 
 Self-Employed</a> provides freelancers and independent contractors with 
 an easy and affordable way to manage their finances and save money at 
 tax time, while <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.mint.com/" rel="nofollow" rel="nofollow">Mint</a> delivers 
 financial tools and insights to help people make smart choices about 
 their money.
 
 
 Intuit&#39;s <a xmlns="http://www.w3.org/1999/xhtml" href="https://proconnect.intuit.com/proconnect/" rel="nofollow" rel="nofollow">ProConnect</a> brand 
 portfolio includes <a xmlns="http://www.w3.org/1999/xhtml" href="https://proconnect.intuit.com/proconnect/" rel="nofollow" rel="nofollow">ProConnect 
 Tax Online</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="https://proconnect.intuit.com/proseries" rel="nofollow" rel="nofollow">ProSeries</a>® 
 and <a xmlns="http://www.w3.org/1999/xhtml" href="https://proconnect.intuit.com/lacerte" rel="nofollow" rel="nofollow">Lacerte</a>®, 
 the company&#39;s leading tax preparation offerings for professional 
 accountants.
 
 
 Founded in 1983, Intuit serves 42 million customers in North America, 
 Europe, Australia and Brazil, with revenue of $4.7 billion in its fiscal 
 year 2016. The company has approximately 7,900 employees with major 
 offices in the <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.intuit.com/" rel="nofollow" rel="nofollow">United States</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.intuit.ca/intuit-products/index.jsp" rel="nofollow" rel="nofollow">Canada</a>, 
 the <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.quickbooks.co.uk/" rel="nofollow" rel="nofollow">United Kingdom</a>, <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.intuit.in/" rel="nofollow" rel="nofollow">India,</a> <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.intuit.com.au/" rel="nofollow" rel="nofollow">Australia </a>and 
 other locations. More information can be found at <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.intuit.com/" rel="nofollow" rel="nofollow">www.intuit.com</a>.
 
 
 Intuit and the Intuit logo, among others, are registered trademarks 
 and/or registered service marks of Intuit Inc. in the United States and 
 other countries.
 
 
 Cautions About Forward-looking Statements
 
 
 This press release contains forward-looking statements, including 
 forecasts of expected growth and future financial results of Intuit; 
 Intuit's prospects for the business in fiscal 2017 and beyond; 
 expectations regarding customer growth; expectations regarding changes 
 to our products and their impact on Intuit's business; expectations 
 regarding the impact of our strategic decisions on Intuit's business; 
 and all of the statements under the heading "Full-year Guidance".
 
 
 Because these forward-looking statements involve risks and 
 uncertainties, there are important factors that could cause our actual 
 results to differ materially from the expectations expressed in the 
 forward-looking statements. These factors include, without limitation, 
 the following: inherent difficulty in predicting consumer behavior; 
 difficulties in receiving, processing, or filing customer tax 
 submissions; consumers may not respond as we expected to our advertising 
 and promotional activities; the competitive environment; governmental 
 encroachment in our tax businesses or other governmental activities or 
 public policy affecting the preparation and filing of tax returns; our 
 ability to innovate and adapt to technological change; availability of 
 our products and services could be impacted by business interruption or 
 failure of our information technology and communication systems; any 
 problems with implementing upgrades to our customer facing applications 
 and supporting information technology infrastructure; any failure to 
 properly use and protect personal customer information and data; our 
 ability to develop, manage and maintain critical third-party business 
 relationships; increases in or changes to government regulation of our 
 businesses; any failure to process transactions effectively or to 
 adequately protect against potential fraudulent activities; any loss of 
 confidence in using our software as a result of publicity regarding such 
 fraudulent activity; any significant product accuracy or quality 
 problems or delays; any lost revenue opportunities or cannibalization of 
 our traditional paid franchise due to our participation in the Free File 
 Alliance; the global economic environment may impact consumer and small 
 business spending, financial institutions and tax filings; changes in 
 the total number of tax filings that are submitted to government 
 agencies due to economic conditions or otherwise; the seasonal and 
 unpredictable nature of our revenue; our ability to attract, retain and 
 develop highly skilled employees; increased risks associated with 
 international operations; unanticipated changes in our income tax rates; 
 changes in the amounts or frequency of share repurchases or dividends; 
 we may issue additional shares in an acquisition causing our number of 
 outstanding shares to grow; our inability to adequately protect our 
 intellectual property rights may weaken our competitive position; 
 disruptions, expenses and risks associated with our acquisitions and 
 divestitures; amortization of acquired intangible assets and impairment 
 charges; our use of significant amounts of debt to finance acquisitions 
 or other activities; and the cost of, and potential adverse results in, 
 litigation involving intellectual property, antitrust, shareholder and 
 other matters. More details about the risks that may impact our business 
 are included in our Form 10-K for fiscal 2016 and in our other SEC 
 filings. You can locate these reports through our website at <a xmlns="http://www.w3.org/1999/xhtml" href="http://investors.intuit.com" rel="nofollow" rel="nofollow">http://investors.intuit.com</a>. 
 Forward-looking statements are based on information as of April 26, 
 2017, and we do not undertake any duty to update any forward-looking 
 statement or other information in these materials.
 
 
 
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Intuit Reports Consumer Tax Season Results: Reiterates Third Quarter and Full-year Guidance