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United States : CEO - INTUIT closed fiscal 2014 on a strong note [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) The latest leading entrant into the Australian-New Zealand market in its own right, America's major accounting software company Intuit, has announced that it now has more customers worldwide that opt for its QuickBooks Online solution over QuickBooks Desktop. President and CEO Brad Smith who announced Intuit's financial results for Q4 and full financial year 2014, ending in July, said general customer growth was fast-tracking, as QuickBooks Online subscribers rose by 40% in Q4. The company added nearly 60,000 new QuickBooks Online customers for the quarter, while online payroll subscribers increased 25% during the period, with the attach rate expanding to 19% from 16% last year. Intuit delivered total company earnings worldwide of US$714 million for Q4, an increase of 13%, while revenue for the full financial year rose by 8% to US$4.5 billion. The CEO said : "We closed fiscal 2014 on a strong note. Overall customer growth is accelerating, active use and attach rates are increasing, and global adoption is in full swing. We've reached an inflection point, as more new customers chose QuickBooks Online over QuickBooks Desktop, fuelled by the success of our reimagined QuickBooks Online product experience." (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). |