Business Services Industry

Intuit to Introduce New Version of QuickBooks for Mac; Company Announces Plan to Develop Mac OS X Compatible Version of QuickBooks

Business Wire, August 5, 2002

Business Editors/High-Tech Writers

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aug. 5, 2002

Intuit Inc. (Nasdaq:INTU) today announced a multi-year plan to develop and support a new Mac OS X compatible version of QuickBooks(R), the best selling small business accounting software.

"We listened to our customers and they have spoken loud and clear. They want a Mac OS X compatible version of QuickBooks," said Dan Levin, vice president and general manager of QuickBooks Financial Solutions. "We're thrilled to be giving customers what they've been asking for."

Intuit expects to release an updated version of QuickBooks for Mac in Q1 2003 due to increased demand for Mac OS X compatibility. QuickBooks Pro Edition 5.0 for Mac will be built for Mac OS X and will also support Mac OS 9. Additional product details will be disclosed at a later date. Thereafter, Intuit expects to release a new version of QuickBooks for Mac on approximately an annual basis. Intuit last released QuickBooks Pro 4.0 for Mac, which the company continues to support.

"QuickBooks has always been one of the most popular applications for our small business customers, so we are very excited about Intuit's plans to develop a new version," said Philip Schiller, Apple's senior vice president of product marketing.

While details about the updated product are not available today, Mac customers can keep up-to-date on new developments and announcements by visiting www.usequickbooks.com/mac5.> About Intuit Inc.

Intuit Inc. (Nasdaq:INTU) is the leading provider of financial software and Web-based services for consumers, small businesses and accounting professionals. Its flagship products and services, including Quicken(R), QuickBooks(R), Quicken TurboTax(R) and Quicken Loans(R) simplify personal finance, small business management and payroll processing, tax preparation and filing home loans.

Founded in 1983, Intuit has annual revenue of more than $1.3 billion and reaches 25 million customers with nearly 6,000 employees in 13 states and four countries. More information can be found at www.intuit.com.

Cautions about Forward Looking Statements

This press release contains forward-looking statements about events that have not yet occurred. For example, statements with words like "expect," and statements in the future tense, are forward-looking statements. Actual results may differ materially from our expectations because of risks and uncertainties about the future. We will not necessarily update information in this press release if any forward-looking statement later turns out to be inaccurate. Risks and uncertainties that may affect our future results include, but are not limited to, those described below. Development has not yet been completed on the new products and services we expect to offer. The development process is complex and involves several risks. Launches of products and services can be delayed for a variety of reasons, including unanticipated technological difficulties and resource constraints. More details about these and other risks are included in our recent SEC filings and at www.intuit.com/company/investors/considerations.html.> Intuit, the Intuit logo, Quicken, QuickBooks, Quicken Loans, QuickBooks Pro, QuickBase, TurboTax, ProSeries and Lacerte, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Quicken.com and Intuit Master Builder, among others, are trademarks and/or service marks of Intuit Inc., or one of its subsidiaries, in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.