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Intuit Q1 2017 revenue $778 million, up 9 percent

Staff Writer |
Intuit announced financial results for the first quarter of fiscal 2017, which ended October 31. The company eported revenue of $778 million, up 9 percent.

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The company grew total QuickBooks Online subscribers 41 percent to more than 1.6 million subscribers.

Intuit grew QuickBooks Online subscribers outside the U.S. by 50 percent, to 323,000 subscribers, led by growth in the U.K., Australia and Canada; subscriber growth in the U.K. accelerated to 87 percent.

Intuit increased QuickBooks Self-Employed customers to roughly 110,000 of QuickBooks Online subscribers, up from 85,000 last quarter.

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