Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Intuit       

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Intuit Inc. : Intuit To Buy Demandforce For $423.5 Million

share with twitter share with LinkedIn share with facebook
share via e-mail
04/27/2012 | 03:38pm CEST

Intuit Inc. (INTU) said it has agreed to acquire software company Demandforce for approximately $423.5 million in cash, as the tax-software maker looks to grow its customer base among small- and medium-sized businesses.

The deal, seen closing in May, is expected to add 1 to 2 points to Intuit's revenue growth in fiscal 2013 and to be neutral to modestly dilutive to earnings in fiscal 2012 and 2013.

Intuit, which makes TurboTax and QuickBooks, said the acquisition accelerates the company's expansion into high-value software as a service products for small businesses. San Francisco-based Demandforce's email, mobile and social tools -- which include online reviews-- help small businesses automate marketing and customer communications. Intuit noted Demandforce has achieved strong traction in industries like dental, automotive, spas, optometry and chiropractors.

Intuit has expanded beyond desktop software into delivering online software and services for tasks from tax preparation for households to small-business payroll processing. Users like the convenience and mobility of online services and Intuit has found the Internet to be an ideal tool for identifying customers' other needs and selling them additional Intuit offerings.

The company in February reported its fiscal second-quarter profit climbed 62% as its shift to online services generated better-than-expected revenue for its tax business and on strong sales in its payment products for businesses.

Shares closed at $57.60 Thursday and were inactive premarket. The stock is up 9.5% so far this year.

   -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; [email protected] 

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on INTUIT
10/20 INTUIT : Adds Shonda Rhimes, Tyra Banks and Lisa Ling to Main Stage at QuickBook..
10/20 INTUIT : Vote Now for Intuit's Global Firm of Future Contest
10/19 INTUIT : Patent Issued for Methods Systems and Articles of Manufacture for Imple..
10/19 INTUIT INC. (NASDAQ : INTU) Files An 8-K Departure of Directors or Certain Offic..
10/19 INTUIT INC : Change in Directors or Principal Officers, Other Events, Financial ..
10/19 INTUIT : Diane Greene to Step Down From Intuit Board of Directors; Former Amazon..
10/16 INTUIT : Vote Now for Intuit’s Global Firm of the Future Contest
10/10 JPMorgan, Temasek lead $100 million investment in payments company Bill.com
10/06 INTUIT : ex-dividend day
10/03 INTUIT HOSTS INVESTOR DAY : Reaffirms First-quarter and Fiscal 2018 Guidance
More news
News from SeekingAlpha
2015 Intuit A Great Company But Overvalued
2015 Intuit lays off 399 workers; Demandforce chief steps down
2015 Factors That Make Intuit A Great Investment
2015 ADP : Feud With Zenefits Boils Over Creating Disruption For SMB's
2015 Bulls May Be Getting Ready To Push Stocks Higher
Financials ($)
Sales 2018 5 692 M
EBIT 2018 1 918 M
Net income 2018 1 053 M
Finance 2018 855 M
Yield 2018 1,06%
P/E ratio 2018 36,42
P/E ratio 2019 32,32
EV / Sales 2018 6,52x
EV / Sales 2019 5,92x
Capitalization 37 979 M
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 142 $
Spread / Average Target -4,2%
EPS Revisions
Brad D. Smith Chairman, President & Chief Executive Officer
R. Neil Williams Chief Financial Officer & Executive Vice President
Henry Tayloe Stansbury Chief Technology Officer & Executive VP
Scott D. Cook Director
Dennis D. Powell Independent Non-Employee Director
Sector and Competitors
1st jan.Capitalization (M$)
INTUIT37 979
SAP14.99%137 835
INTUIT29.11%37 979
SERVICENOW INC67.90%21 308