NEW YORK ( TheStreet) -- Demand for products drives the economy. This week, TheStreet asked two CEOs where they see demand currently.
(INTU - Get Report)
CEO Brad Smith: "We're seeing demand happening across all of our core businesses -- the reason why we are is because even in recessionary times, the products we build are designed to put more money in your pocket."
Intuit, based in Mountain View, Calif., counts millions of small businesses as customers; it sells tax preparation software, payroll management services and a host of other financial management solutions.
"So really the demand is picking up, the economy is not quite back all the way to right although [we're starting to see] signs of recovery -- the fact that we're there to help you improve your financial life is helping us. The areas that are really starting to accelerate for us are our cloud-based products -- hosted products -- like TurboTax Online, which now comprises two-thirds of all tax returns we do vs. desktop. Quickbooks Online has grown faster for five consecutive quarters -- that's every quarter faster than the last -- and sales of that were up 35% in the last quarter."
(INWK - Get Report)
|Brad Smith, the CEO of Intuit
CEO Eric Belcher: "The U.S. still represents about a quarter of the global market, and the market is $400 billion a year in printed material, so it's a massive market that we are just starting to penetrate," says the boss of the printing pricing-technology provider, a Chicago company. "We did make an acquisition in Latin America about a month ago. We are working with a lot of corporations in the U.S. that have global operations. They have asked us to help them out in other areas of the world, but until last month we haven't been able to support them in Latin America. And as you look over the next year or two, you will see InnerWorkings grow internationally even more."
What are America's corporate leaders saying about the issues of the day? TheStreet's reporters, during the course of their weekly coverage, will pose a thematic question to the business executives they interview. Have a question you'd like to see TheStreet ask the CEOs? Send it to firstname.lastname@example.org
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