QuickBooks: By the numbers

Intuit reported a stellar third quarter and delivered $1 billion in revenue over three months for the first time. Fueled by tax season, Intuit reported net income of $367 million, or $1.

Intuit reported a stellar third quarter and delivered $1 billion in revenue over three months for the first time.

Fueled by tax season, Intuit reported net income of $367 million, or $1.04 a share, on revenue of $1.15 billion. It also upped its outlook for the next quarter.

But what sticks out is the QuickBooks business, which serves as the de facto enterprise resource planning suite for smaller businesses.

Here's a look at QuickBooks by the numbers for the quarter ending April 30. The figures were pulled from Intuit's earnings statement and conference call.

  • QuickBooks revenue was up $155 million, up 22 percent from a year ago.
  • Intuit is on track to move more than 1.6 million QuickBooks units this year. "Many people thought QuickBooks was out of gas after Y2K, when we sold a little over 900,000 units," says Inuit CEO Stephen Bennett.
  • QuickBooks Enterprise Edition is now a $50 million business.
  • QuickBooks Online Edition has more than 100,000 subscribers. "We’ve continued to get better at our execution on our web as a channel," said Bennett.

And there's more growth ahead. Intuit notes that 60 percent of small businesses use manual methods--pencil, paper and spreadsheets--to keep their books.