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Intuit(INTU) - 2025 Q1 - Earnings Call Transcript
2024-11-22 09:13
Intuit Inc. (NASDAQ:INTU) Q1 2025 Earnings Call Transcript November 21, 2024 4:30 PM ET Company Participants Kim Watkins - VP of IR Sasan Goodarzi - CEO Sandeep Aujla - CFO Conference Call Participants Brad Zelnick - Deutsche Bank Keith Weiss - Morgan Stanley Siti Panigrahi - Mizuho Scott Schneeberger - Oppenheimer Raimo Lenschow - Barclays Taylor McGinnis - UBS Michael Turrin - Wells Fargo Securities Alex Zukin - Wolfe Research Brad Reback - Stifel Brent Thill - Jefferies Mark Murphy - JPMorgan Operator Go ...
Intuit Sees AI Driving Big Changes for Small Businesses
PYMNTS.com· 2024-11-22 08:01
All artificial intelligence (AI) systems are software, but not all software is AI. At least, not yet. Embracing the AI-ification of everything was the theme of accounting and tax software provider Intuit Inc.'s Q1 2025 earnings call on Thursday (Nov. 21), where executives highlighted the success of the company's AI-driven strategy. "We've had a strong start to the year as we demonstrate the power of Intuit's AI-driven expert platform strategy. By delivering 'done-for-you' experiences, enabled by AI with acc ...
Intuit (INTU) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-22 08:01
For the quarter ended October 2024, Intuit (INTU) reported revenue of $3.28 billion, up 10.2% over the same period last year. EPS came in at $2.50, compared to $2.47 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $3.14 billion, representing a surprise of +4.58%. The company delivered an EPS surprise of +5.93%, with the consensus EPS estimate being $2.36. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...
Intuit (INTU) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2024-11-22 07:11
Intuit (INTU) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.93%. A quarter ago, it was expected that this maker of TurboTax, QuickBooks and other accounting software would post earnings of $1.86 per share when it actually produced earnings of $1.99, delivering a surprise of 6.99%. ...
Intuit's Stock Drops as Its Outlook Disappoints
Investopedia· 2024-11-22 06:20
Intuit (INTU) reported fiscal first-quarter results that beat analysts expectations, but shares tumbled in extended trading as the company's current-quarter forecast disappointed. The TurboTax and Credit Karma parent saw first-quarter revenue grow 10% to $3.3 billion, above the analyst consensus from Visible Alpha. Net income of $197 million or 70 cents per share declined from $241 million or 85 cents per share in the year-ago quarter, but topped analysts’ projections.  Looking ahead, Intuit said it expect ...
Intuit shares fall on soft second quarter guidance
Proactiveinvestors NA· 2024-11-22 05:33
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Intuit(INTU) - 2025 Q1 - Quarterly Report
2024-11-22 05:17
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended October 31, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____________ to ____________ . Commission File Number 0-21180 INTUIT INC. (Exact name of registrant as speci ...
Intuit drops as quarterly forecast misses estimates due to revenue getting delayed
CNBC· 2024-11-22 05:17
Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024.Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts' estimates due to some sales getting delayed.Here's how the company performed in comparison with LSEG consensus:Earnings per share: $2.50 adjusted vs. 2.35 expectedRevenue: $3.28 billion vs. 3.14 billionRevenue increased 10% year over year in the q ...
Intuit(INTU) - 2025 Q1 - Quarterly Results
2024-11-22 05:07
Exhibit 99.01 Contacts: Investors Media Kim Watkins Kali Fry Intuit Inc. Intuit Inc. 650-944-3324 650-944-3036 kim_watkins@intuit.com kali_fry@intuit.com Intuit Reports Strong First Quarter Results and Reiterates Full Year Guidance Global Business Solutions Group Online Ecosystem Revenue Grew 20 percent MOUNTAIN VIEW, Calif. - November 21, 2024 - Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced financial resul ...
Intuit Adds Generative AI-Powered Financial Assistant to QuickBooks
PYMNTS.com· 2024-11-22 04:17
核心观点 - Intuit为QuickBooks添加生成式人工智能(AI)驱动的财务助手Intuit Assist以帮助中小企业[1] 关于Intuit Assist功能 - 可生成估算单、发票、账单和付款提醒并提供个性化推荐[1] - 能基于邮件、电子文档或手写笔记照片中的信息生成估算单、发票或账单可在检测到逾期发票时起草个性化提醒从收据中提取细节并自动填充到QuickBooks中并将已支付的发票或账单与相应银行交易匹配[3] - 可为QuickBooks新手客户展示如何联系真人专家以简化设置流程[4] - 可帮助客户节省行政任务时间[4] 关于Intuit Assist对用户的影响 - 让企业主感觉背后有一个更大的团队支持工作并能全面了解自己的业务[2] - 在QuickBooks主页提供新的Business Feed展示用户业务动态视图并突出显示AI助手已完成等待用户审核的工作[2] - 减少像创建估算单和发票等手动任务花费的时间和精力[5] 关于Intuit的其他产品 - Intuit除QuickBooks外还是TurboTax、Credit Karma和Mailchimp的母公司[7] 关于Intuit的计划 - 公司9月表示将在12月引入智能体AI功能并在2025年持续推广将其添加到所有平台和产品中[6]