896878--9/15/2009--INTUIT

related topics

{system, service, information}

{property, intellectual, protect}

{product, market, service}

{customer, product, revenue}

{tax, income, asset}

{regulation, change, law}

{acquisition, growth, future}

{operation, international, foreign}

{loss, insurance, financial}

{condition, economic, financial}

{personnel, key, retain}

{debt, indebtedness, cash}

{stock, price, operating}

{loan, real, estate}

Future revenue growth depends upon our ability to adapt to technological change and successfully introduce new and enhanced products and services. As our product and service offerings become more complex our revenue streams may become less predictable Business interruption or failure of our information technology and communication systems may impair the availability of our products and services, which may damage our reputation and harm our future financial results. The recent global economic downturn may harm our business and financial condition. The nature of our products necessitates timely product launches and if we experience significant product quality problems or delays, it may harm our revenue, earnings and reputation. Our hosting, collection, use and retention of personal customer information create risk that may harm our business. Our reliance on a limited number of manufacturing and distribution suppliers may harm our business. Our revenue and earnings are highly seasonal and our quarterly results fluctuate significantly. If we are unable to develop and maintain critical third party business relationships, the business may be adversely affected. Because we depend on a small number of larger retailers and distributors, changes in these relationships may harm our business. Increased government regulation of our businesses may harm our operating results. Expansion of our operations in international markets exposes us to operational and compliance risks. If we encounter problems with our third-party customer service and technical support providers our business and future financial results may be harmed. We are exposed to risks associated with credit card and payment fraud and with credit card processing. If we fail to adequately protect our intellectual property rights, competitors may exploit our innovations, which may weaken our competitive position and reduce our revenue and earnings. Third parties claiming that we infringe their proprietary rights may cause us to incur significant legal expenses and prevent us from selling our products. We expect copying and misuse of our intellectual property to be a persistent problem which may cause lost revenue and increased expenses. Our use of third party intellectual property in our products and services may harm our business. Our acquisition and divestiture activities may disrupt our ongoing business, may involve increased expenses and may present risks not contemplated at the time of the transactions. We have issued $1 billion in a debt offering and may incur other debt in the future, which may adversely affect our financial condition and future financial results. We are subject to risks associated with information disseminated through our services. If actual product returns exceed returns reserves our future financial results may be harmed. Acquisition-related costs and impairment charges may cause significant fluctuation in our net income. Our investments in auction rate securities are subject to risks that may cause losses and affect the liquidity of these investments. If we fail to process transactions effectively our revenue and earnings may be harmed. Because competition for our key employees is intense, we may not be able to attract and retain the highly skilled employees we need to support our planned growth. We are frequently a party to litigation that is costly to defend and consumes the time of our management. Unanticipated changes in our tax rates may affect our future financial results. Our business depends on our strong reputation and the value of our brands.

Full 10-K form ▸

896878--9/15/2009--INTUIT_INC