That would represent an increase of 27.2 percent over fiscal 2017. By comparison, Xero reported for its year ended March 30 it had topped 1 million users. And in the company's earnings webcast for the year ended July 31, Intuit CEO Brad Smith foresaw no slow down in the double-digit pace of growth. Part of that stems from the rapid growth of QuickBooks Self-employed. Intuit is also starting to change the previous small business status quo in which Xero was strong outside the United States but Xero was not. Now Intuit has 500,000 subscribers outside this country as of July 31, a 75-percent increase over 2016 with 100,000 subscribers each in Australia, Canada and the United Kingdom. "We have 800 million prospects and 2.3 million customers, so we have a long way to grow," Smith said. The shift from desktop to cloud applications also continues to provide room for growth. "The shift to the cloud has put all decisions back up for consideration," he said. Combined with a successful year in tax software, the results for fiscal 2017 produced net income of $971 million for fiscal 2017, an increase of 20.5 percent from $806 million the prior year. Totals for 2016 included $173 million in revenue from discontinued operations. Revenue rose to $5.18 billion for the most recently ended year, a 10-percent rise from $4.69 billion for fiscal 2016.