E-Commerce Stock Watch: Intuit Gets Boost from E-Commerce

Personal finance software company Intuit (Nasdaq: INTU) reported solid second-quarter earnings of $1.34 (US$) a share on Thursday, compared to 95 cents a share a year ago. One big reason for the earnings growth was a 150 percent rise in e-commerce revenues, which now account for 10 percent of the company’s total revenues.

The growth should continue as more people get more comfortable with the Internet. Intuit’s TurboTax tax preparation service is a great brand that now allows users to file their taxes online. Intuit is also generating good PR for WebTurboTax by donating the service to low-income families.

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