10-Q/A

   1
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                       ----------------------------------


                                  FORM 10-Q/A
                                Amendment No. 1

[ X ]       Quarterly report pursuant to Section 13 or 15(d) of the Securities
            Exchange Act of 1934 For the quarterly period ended JANUARY 31, 1998
            or

[   ]       Transition report pursuant to Section 13 or 15(d) of the
            Securities Exchange Act of 1934 For the transition period from
            ____________ to ____________.


                         COMMISSION FILE NUMBER 0-21180

                                   INTUIT INC.
             (Exact name of registrant as specified in its charter)

        DELAWARE                                          77-0034661
(State of incorporation)                      (IRS employer identification no.)

                   2535 GARCIA AVENUE, MOUNTAIN VIEW, CA 94043
                    (Address of principal executive offices)


                                 (650) 944-6000
              (Registrant's telephone number, including area code)


   Indicate by a check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports); and (2) has been subject to such
filing requirements for the past 90 days.    Yes  X     No
                                                 ---      ---

   Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

   48,043,158 shares of Common Stock, $0.01 par value, as of February 28, 1998




   2

- --------------------------------------------------------------------------------
FORM 10-Q/A
INTUIT INC.
INDEX
- --------------------------------------------------------------------------------



                                             
                                                                           PAGE
                                                                          NUMBER
                                                                          ------
                                                                         

PART II                 OTHER INFORMATION

ITEM 6:                 Exhibits and Reports on Form 8-K....................   3

                        Signatures..........................................   4

                        Exhibit Index.......................................   5





                                      -2-

   3

- --------------------------------------------------------------------------------
PART II: OTHER INFORMATION
ITEM 6
EXHIBITS AND REPORTS ON FORM 8-K
- --------------------------------------------------------------------------------

(A)      THE FOLLOWING EXHIBITS ARE FILED AS PART OF THIS REPORT:

         10.01 Intuit Inc. 1993 Equity Incentive Plan, as amended through
               January 16, 1998* 

         10.02 Intuit Inc. 1996 Employee Stock Purchase Plan, as amended 
               through January 16, 1998* 

         10.03 Intuit Inc. 1996 Directors Stock Option Plan, as amended through
               January 16, 1998* 

         11.01 Computation of Net Income Per Share* 

         27.01 Financial Data Schedule*

         27.02 Restated Financial Data Schedules (Fiscal 1996 and 1997 Quarters)

         27.03 Restated Financial Data Schedules (Fiscal 1998 Quarters)

         27.04 Restated Financial Data Schedules (Year)

- --------------------
* Previously filed with the Commission



                                      -3-

   4

- --------------------------------------------------------------------------------
SIGNATURES
- --------------------------------------------------------------------------------

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                        INTUIT INC.
                                        (REGISTRANT)





Date:  May 18, 1998                  By:  /s/ GREG J. SANTORA
                                          -------------------------------------
                                          Greg J. Santora
                                          Vice President and Chief Financial
                                          Officer (Principal Financial 
                                          and Accounting Officer)




                                      -4-
   5



                                 Exhibit Index





Exhibit                       Description
            

10.01          Intuit Inc. 1993 Equity Incentive Plan, as amended
               through January 16, 1998*

10.02          Intuit Inc. 1996 Employee Stock Purchase Plan, as amended
               through January 16, 1998*

10.03          Intuit Inc. 1996 Directors Stock Option Plan, as amended
               through January 16, 1998*

11.01          Computation of Net Income Per Share*

27.01          Financial Data Schedule*

27.02          Restated Financial Data Schedules (Fiscal 1996 and 1997 Quarters)

27.03          Restated Financial Data Schedules (Fiscal 1998 Quarters)

27.04          Restated Financial Data Schedules (Year)




- ---------------------
* Previously filed with the Commission


                                      -5-

EX-27.02

 

<ARTICLE> 5
<MULTIPLIER> 1,000
       
                                                                              

<PERIOD-TYPE>              9-MOS                6-MOS                3-MOS                9-MOS

<FISCAL-YEAR-END>              JUL-31-1997          JUL-31-1997          JUL-31-1997          JUL-31-1996

<PERIOD-START>                 AUG-01-1996          AUG-01-1996          AUG-01-1996          AUG-01-1995

<PERIOD-END>                   APR-30-1997          JAN-31-1997          OCT-31-1996          APR-30-1996

<CASH>                             116,649              104,859               45,595               33,434

<SECURITIES>                       356,260              350,524              125,205              186,092

<RECEIVABLES>                       74,873              152,213               90,346               77,343

<ALLOWANCES>                       (7,025)              (5,936)              (5,974)              (4,852)

<INVENTORY>                          2,756                4,428                4,935                5,829

<CURRENT-ASSETS>                   575,610              638,747              302,594              330,697

<PP&E>                             142,330              137,129              154,549              137,647

<DEPRECIATION>                    (63,896)             (58,205)             (57,380)             (42,110)

<TOTAL-ASSETS>                     717,898              751,920              439,275              471,224

<CURRENT-LIABILITIES>              265,224              330,590              147,513              156,940

<BONDS>                             34,433                5,080                5,259                7,158

<PREFERRED-MANDATORY>                    0                    0                    0                    0

<PREFERRED>                              0                    0                    0                    0

<COMMON>                               466                  465                  463              514,645

<OTHER-SE>                         412,704              413,078              283,219              304,126

<TOTAL-LIABILITY-AND-EQUITY>       717,898              751,920              439,275              471,224

<SALES>                            504,810              368,484              102,506              461,808

<TOTAL-REVENUES>                   504,810              368,484              102,506              461,808

<CGS>                              114,583               85,666               27,045              117,393

<TOTAL-COSTS>                      115,263               85,820               27,085              119,651

<OTHER-EXPENSES>                   356,875              248,145              114,511              324,267

<LOSS-PROVISION>                     5,480                4,632                1,745                3,546

<INTEREST-EXPENSE>                     377                  259                   81                  229

<INCOME-PRETAX>                     39,284               38,325             (37,042)               23,280

<INCOME-TAX>                        22,400               21,929              (8,738)               22,000

<INCOME-CONTINUING>                 16,884               16,396             (28,304)                1,280 

<DISCONTINUED>                      71,240               71,240                    0                    0

<EXTRAORDINARY>                          0                    0                    0                    0

<CHANGES>                                0                    0                    0                    0

<NET-INCOME>                        88,124               87,636             (28,304)                1,280

<EPS-PRIMARY>                         1.90<F1>             1.90<F1>           (0.61)<F1>             0.03

<EPS-DILUTED>                         1.86<F2>             1.85<F2>           (0.61)<F2>             0.03
                   

<F1>BASIC EPS AS DEFINED BY FAS 128.
<F2>DILUTED EPS AS DEFINED BY FAS 128.

        

 

EX-27.03

 

<ARTICLE> 5
<MULTIPLIER> 1,000
       
                                       

<PERIOD-TYPE>             6-MOS              3-MOS

<FISCAL-YEAR-END>             JUL-31-1998        JUL-31-1998

<PERIOD-START>                AUG-01-1997        AUG-01-1997

<PERIOD-END>                  JAN-31-1998        OCT-31-1997

<CASH>                            105,532             63,950

<SECURITIES>                      537,228            397,679

<RECEIVABLES>                     175,427             93,111

<ALLOWANCES>                      (5,150)            (4,364)

<INVENTORY>                         4,811              3,888

<CURRENT-ASSETS>                  836,470            568,891

<PP&E>                            123,330            131,054

<DEPRECIATION>                   (52,756)           (60,145)

<TOTAL-ASSETS>                    977,081            759,288

<CURRENT-LIABILITIES>             384,086            253,989

<BONDS>                            31,253             36,520

<PREFERRED-MANDATORY>                   0                  0

<PREFERRED>                             0                  0

<COMMON>                              478                473

<OTHER-SE>                        560,964            467,781

<TOTAL-LIABILITY-AND-EQUITY>      977,081            759,288

<SALES>                           333,471             95,958

<TOTAL-REVENUES>                  333,471             95,958

<CGS>                              67,875             22,396

<TOTAL-COSTS>                      69,228             23,099

<OTHER-EXPENSES>                  224,217             98,464

<LOSS-PROVISION>                    2,492                  0

<INTEREST-EXPENSE>                    234                 81

<INCOME-PRETAX>                    48,618           (19,254)

<INCOME-TAX>                       19,583            (6,495)

<INCOME-CONTINUING>                29,085           (12,759)

<DISCONTINUED>                          0                  0

<EXTRAORDINARY>                         0                  0

<CHANGES>                               0                  0

<NET-INCOME>                       29,085           (12,759)

<EPS-PRIMARY>                        0.61<F1>          (.27)

<EPS-DILUTED>                        0.59<F2>          (.27)


<F1>BASIC EPS AS DEFINED BY FAS 128.
<F2>DILUTED EPS AS DEFINED BY FAS 128.

        

 

EX-27.04

 

<ARTICLE> 5
<MULTIPLIER> 1,000
       
                                                                       
<PERIOD-TYPE>                   YEAR                   YEAR                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1997             JUL-31-1996             JUL-31-1995
<PERIOD-START>                             AUG-01-1996             AUG-01-1995             AUG-01-1994
<PERIOD-END>                               JUL-31-1997             JUL-31-1996             JUL-31-1995
<CASH>                                          46,780                  44,584                  76,298
<SECURITIES>                                   349,119                 153,434                 121,477
<RECEIVABLES>                                   46,689                  54,424                  41,383
<ALLOWANCES>                                   (4,499)                 (4,951)                 (2,408)
<INVENTORY>                                      3,295                   4,448                   6,576
<CURRENT-ASSETS>                               454,777                 280,413                 271,527
<PP&E>                                         154,004                 145,695                  79,339
<DEPRECIATION>                                (70,600)                (50,084)                (29,462)
<TOTAL-ASSETS>                                 663,676                 418,020                 398,605
<CURRENT-LIABILITIES>                          211,582                 110,689                 107,246
<BONDS>                                         36,444                   5,583                   8,770
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                           469                     458                     445
<OTHER-SE>                                     414,592                 298,777                 279,954
<TOTAL-LIABILITY-AND-EQUITY>                   663,676                 418,020                 398,605
<SALES>                                        598,925                 538,608                 419,160
<TOTAL-REVENUES>                               598,925                 538,608                 419,160
<CGS>                                          137,281                 136,470                 110,322
<TOTAL-COSTS>                                  138,770                 137,869                 121,691
<OTHER-EXPENSES>                               460,195                 406,515                 362,510
<LOSS-PROVISION>                                 3,308                   4,728                   2,105
<INTEREST-EXPENSE>                                 652                     305                     232
<INCOME-PRETAX>                                  9,809                   1,870                (20,000)
<INCOME-TAX>                                    12,741                  16,225                  24,296
<INCOME-CONTINUING>                            (2,932)                (14,355)                (44,296)
<DISCONTINUED>                                  71,240                 (6,344)                       0
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                    68,308                (20,699)                (44,296)
<EPS-PRIMARY>                                     1.47<F1>               (.46)<F1>              (1.07)
<EPS-DILUTED>                                     1.44<F2>               (.46)<F2>              (1.07)

<F1>BASIC EPS AS DEFINED BY FAS 128
<F2>DILUTED EPS AS DEFINED BY FAS 128