By Josh Beckerman

Intuit Inc., the maker of TurboTax, said it plans to divest its Demandforce, QuickBase and Quicken operations to sharpen its focus.

The company also said its loss excluding items for the quarter ended July 31 was five cents a share, while revenue rose 7% to $696 million. Intuit had expected a loss excluding items of 10 cents to 12 cents a share on revenue of $720 million to $745 million.

The company said "small business momentum continues to build" and it posted strong growth in QuickBooks Online subscribers.

Intuit shares fell 1.4% to $101.51 in after-hours trading.

Write to Josh Beckerman at josh.beckerman@wsj.com

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(END) Dow Jones Newswires

August 20, 2015 16:45 ET (20:45 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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