Intuit CEO "Learning to Dance in the Rain"
Intuit (INTU) CEO Brad Smith has a pretty stark view on the prospects for a near-term turn in the economy: he doesn’t think a recovery is likely the before the end of the company’s July 2010 fiscal year. Nonetheless, the company posted better-than-expected results for the fourth quarter ended July 2009–and he expects better results in 2010. Smith notes that the company posted 4 percent growth in FY 2009, and expects 4-8 percent growth in 2010.
“We don’t see the storm clouds going way,” he said in an interview with Tech Trader Daily. “We’re simply learning to dance in the rain.”