Intuit Inc. is boosting sales of its financial-management and tax-preparation programs with online and mobile versions, helping make up for a slowdown in desktop software, Chief Executive Officer Brad Smith said.
Intuit Inc. Chief Executive Officer Brad Smith said the company didn’t bring its “A-game” last year and will speed up development of mobile software and undertake other initiatives to turn more online shoppers into paying customers.
When a power failure knocked out Intuit Inc. ’s servers last month, the outage did more than strand 300,000 customers. It showed the challenges in shifting from selling shrink-wrapped software to Internet-based services.
Bryan Sheffield grew up the son and grandson of oilmen in Midland, Texas, and moved north after college to seek riches in the Chicago options pits. After a few years clerking at the Chicago Mercantile Exchange and trading interest rates for First Continental Trading Inc., Sheffield returned to Texas -- and found his fortune.