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QBE REVS UP ABOUT 20 PERCENT Featured

 QuickBooks Desktop Enterprise revenue grew about 20 percent for the third quarter ended April 30, Intuit said this month. The latest report  appears to show significant growth in QBE from prior quarters that has been accelerating.

For the second quarter, QBE revenuehwas pictured as rising low double-digits. In prior quarters, the increase was generally described as mid-single digits. The software company had no comment on any factors in the growth of QBE. It also did not mention the performance of QuickBooks Online Advanced, the cloud-based replacement for QBE. Advanced is still a relatively new product, Almost four years ago, Intuit said the two products had about 200,000 customers, but has not updated the numbers since then. The growth in QBE has been largely responsible for the growth in desktop QB revenue, which was reported up 16 percent year-over-year for the most recently ended quarter. During a recent earnings webcast, CEO Sasan Goodarzi noted, “We are just over half-way through a three-year transition to a subscription model for our desktop accounting solutions, making this revenue more predictable

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