Intuit posted strong revenue growth and even stronger profit growth during the third quarter, ... The company's performance positions us to end the year on track to meet our stated revenue and pro forma profit goals.

The biggest part of the profit cycle now lies behind us. The sort of profit growth we have seen over the last few years will be hard to match. In this environment shares are trading at fair value and are certainly not undervalued.

will enable us to deliver 5 to 10 per cent profit after tax growth in fiscal 2006

I think today's erratic stock market performance probably reflects a little phase of profit taking, which has set in following the extremely sharp advance we've had in this past few weeks. Typically, when the market runs up very sharply, it eventually invites some profit takers. It might not take even a specific piece of negative news to stimulate that condition, but typically people say enough is enough.

The strong performance of auto shares helped stabilize sentiment, but many sectors, such as metals and properties, are under profit-taking pressure.

The principal conclusion is that we expect profit growth to continue through our new forecast horizon.