Summary
This 8-K filing from Intuit Inc. (INTU) on June 14, 2005, primarily serves to furnish additional financial information related to the planned divestiture of its Information Technology Solutions (ITS) business. Investors should note that this business is part of the Intuit-Branded Small Business segment. The filing references previously disclosed information from the company's Form 10-Q for the period ending April 30, 2005, concerning the approved plan to sell the ITS business. The provided information, attached as Exhibit 99.01, details the effect of the ITS business on Intuit's financial results for the fiscal year ended July 31, 2004, and the nine-month period ended April 30, 2005. It also includes forward-looking guidance for the fiscal year ending July 31, 2005. It's important for investors to understand that this information is furnished and not deemed "filed" under Section 18 of the Securities Exchange Act of 1934, meaning it does not carry the same legal implications as a formally filed document.
Key Highlights
- 1Intuit Inc. is furnishing additional financial information regarding the planned sale of its Information Technology Solutions (ITS) business.
- 2The ITS business is a component of Intuit's Intuit-Branded Small Business segment.
- 3The information pertains to the fiscal year ended July 31, 2004, and the nine-month period ended April 30, 2005.
- 4Forward-looking guidance for the fiscal year ending July 31, 2005, is also provided.
- 5The furnished information is a follow-up to disclosures made in the Form 10-Q for the quarter ended April 30, 2005.
- 6The content is furnished and not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.