More taxes = More Turbo Taxes

Intuit Inc. on Thursday said strong sales of its tax-preparation software helped lift its fiscal second-quarter profit 34 percent and beat Wall Street’s forecast. The company also raised its forecasts for full-year revenue and profit.

Intuit reported net income of $114 million, or 35 cents per share, for the three months that ended Jan. 31, up from a profit of $85 million, or 26 cents per share, in the period a year earlier.

Seeing that Turbo Tax is selling everywhere you go, it’s no wonder their profits are up.

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