![]() ![]() While it might be for the best financially for Intuit to offload Quicken, the company will also be losing some of its heritage. Now acquisitions like Check, Lettuce, and PaySuite have kept the company in the blog headlines. Third Party Terms of Agreement: You must comply with any applicable third party terms of agreement when using the Software. The Mountain View, Calif.-based company, which finished the fiscal year with $365 million in net income on $4.19 billion in revenue, has come a long way. Developer Contact Info: Direct any questions, complaints or claims to: Quicken Inc., 3760 Haven Ave, Menlo Park, CA 94025 or visit to access Support. Today, Quicken is described as a “held-for-sale asset,” and a “long-lived asset.” Banking services provided by our partner, Green Dot Bank. That’s down from $96 million, $99 million, and $98 million in Intuit’s 2012, 2013, and 2014 fiscal years, respectively. QuickBooks and Intuit are a technology company, not a bank. In Intuit’s 2015 fiscal year - the year that ended on July 31 - Quicken did $51 million in revenue. (Last year Intuit started recognizing desktop software license revenue when services are delivered, not up front.) “Quicken uses the power of the Internet to help consumers make more informed financial decisions,” Intuit boasted in an undated fact sheet on the product that pegged the user base at 15 million.īut in the past year Quicken has brought in less revenue for Intuit. This desktop software comes with a connected companion website, and it’s quite customizable and intuitive. Throughout the 2000s, the company said that Quicken had around 15 million users. Quicken Deluxe includes more personal finance management tools than any competitor. Quicken “is the core” of Intuit, he said. In the mid-1990s, Quicken started losing money, but the company found ways to reverse the downturn by “making the product more compelling,” said Cook. Intuit pushed hard and successfully beat Microsoft at selling personal finance software for Windows in the 1980s, Intuit founder Scott Cook said in a 2001 interview with the Harvard Business Review. Quicken, which came out in 1984, is what Intuit was founded on. Intuit got into the desktop financial software market with its release of personal finance software package, Quicken, in 1984. Of course, Intuit brings in millions each quarter from other properties, like TurboTax tax software and QuickBooks accounting software, but Quicken at one point was a sort of institution in desktop software designed to keep track of what you spend. ![]()
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