Intuit problems sees rival Sage’s shares increase

Power supply problems to accountancy software business Intuit, has seen its
rivals Sage reaping the benefits.

Intuit, which provides both online and on-premise software to customers, has
been hit with a series of power failures affecting its US internet components –
meaning customers were having difficulty filing tax returns and accounts online.

Sage, as the main competitor to Intuit, saw its shares rise 3p to 248p on the
back of the news.

Although the system is currently up and running, having suffered problems
over the last two days, customers remain “furious” and have threatened to leave
QuickBooks, Intuit’s main accountancy software, according to

Compared to Sage, Intuit currently has more applications that are internet,
or “cloud”, based which has highlighted some of the concerns customers have
regarding online technology.

Further reading:

back online after power failure cuts services

upgrade focuses on accountants

profits up

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