Intuit Grows Total Revenue 15 Percent in First Quarter; Small Business Online Ecosystem Revenue Grows 35 Percent
Intuit Inc. (INTU)
Last intuit inc. earnings: 2/24 04:01 pm
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Source: Business Wire
Reiterates Full Year Fiscal 2020 Guidance MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Intuit Inc. (Nasdaq: INTU), makers of TurboTax, QuickBooks and Mint, announced financial results for the first quarter of fiscal 2020, which ended Oct. 31.“This was a strong quarter across the company. We continue to make progress on our strategy of becoming an A.I.-driven expert platform," said Sasan Goodarzi, Intuit's CEO. "Small Business Online Ecosystem revenue grew 35 percent, exceeding our target to grow 30 percent or more," said Goodarzi. "As we look forward to the upcoming tax season, we're focused on applying the learnings from the last year, including extension season, to deliver even better experiences for our customers."Financial HighlightsFor the first quarter, Intuit grew:Total revenue to $1.2 billion, up 15 percent.Small Business and Self-Employed Group revenue 15 percent to $1.0 billion.Small Business Online Ecosystem revenue by 35 percent.Consumer Group revenue by 11 percent to $100 m
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News
- Intuit beats estimates on AI-driven tool demand, shares down on promotions delay [Yahoo! Finance]Yahoo! Finance
- Intuit Reports Strong First Quarter Results and Reiterates Full Year GuidanceBusiness Wire
- Intuit Launches AI-Powered Intuit Assist for QuickBooks, Giving Millions of Businesses a Competitive EdgeBusiness Wire
- Jim Cramer on Intuit Inc. (INTU): ‘How Can I Pull The Trigger On A Stock That's So Close To Its High Yet So Far From Where It Was Just A Month Ago?' [Yahoo! Finance]Yahoo! Finance
- Intuit Inc. (NASDAQ: INTU) is now covered by analysts at Scotiabank. They set a "sector perform" rating and a $700.00 price target on the stock.MarketBeat
INTU
Earnings
- 11/21/24 - Beat
INTU
Sec Filings
- 11/21/24 - Form 10-Q
- 11/21/24 - Form 8-K
- 11/15/24 - Form PRE
- INTU's page on the SEC website