Intuit's sales of its popular TurboTax Online software climbed 29% on a year-over-year basis in the Jan. 30-March 16 period. According to the company's figures, that version of the storied tax preparation product totaled nearly 12.7 million units, more than double that of its more traditional TurboTax Desktop solution. The year-over-year growth rate for the latter, meanwhile, came in at 15%.
This year, Intuit is measuring the seasonality of its products from Jan. 30 because that's when the Internal Revenue Service opened its e-file online submission service for this tax year.
Intuit will provide a final update of its tax season sales at the end of April.
The article Intuit Says TurboTax Online Sales Grew Nearly 30% originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Intuit. The Motley Fool recommends and owns shares of Intuit. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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