Small business finance solutions provider Intuit’s increased revenue in the third quarter of 2013 has helped the company reduce its losses, The Wall Street Journal reported on November 21.
Intuit lost $11 million in the third quarter of this year, down from $19 million during the same period in 2012.
According to the Journal, Intuit was able to boost its finances by selling its financial services division and its health division.
Notably, the news comes as alternative services are looking to gain influence and market share in the U.S. For more on accounting software newcomer Xero and its massive funding round, click here.
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