Question-and-Answer Session
Operator
Thank you. Ladies and gentlemen if you would like to ask a question please press the number one on your telephone keypad. If you would like to withdraw your question press the pound key.
Our first question comes from Adam Holt at JP Morgan.
Question-And-Answer Session
Adam Holt - JP Morgan
Good afternoon. My first question has to do with the QuickBooks business. You saw 6% growth in units, 9% growth in revenue, and you mentioned the comments that some of that may have to do with the timing of ship in versus sell through. I was hoping maybe you could talk a little bit about what you think the impact of the average selling prices moving up has been on that business and what’s the early data you can get from some of the new lower end products as well.
Steve Bennett
Yes this is Steve. I think it’s really early to make those kind of calls. Look this is traditionally our slowest quarter and so I think it’s really hard to project the future based on what we’ve seen. I think we’re off to a great start. We have some great momentum on the simple start downloads, our attach rates to payments and payroll are higher than what we had thought about it, but it’s still just really early in the game. I just see where one of our competitors raise the price 50 bucks on their core offering so we think there are a lot of positive signs for us. We’ve remixed the product offering line in terms of raising the price on Premier and so there are a lot of moving parts. Let’s wait until we get a little farther end of the season to give you more details on some of that.
Brad, would you add anything to that? Do you see anything different?
Brad D. Smith
No, no actually I don’t. I think the headline here also because we have an opportunity as we begin to get simple start downloads and the ability to attach them further in the season to actually see what the impact would be, but overall everything is performing as we expected.
Adam Holt - JP Morgan
If I could just shift gears here for just a minute to the financial institutions business? If I heard you correctly Steve, you said you had a record bookings quarter for the Digital Insight business. Would you be willing to share what that means in terms of either new signings or how you look in bookings and obviously there’s been some volatility in financial services understanding DI has focused on smaller institutions, is there any trickle-down affect or how would you anticipate the Digital Insight business being resilient live in a sort of volatile environment?
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