Intuit (INTU) had a strong start in fiscal 2025, delivering 10% revenue growth to reach $3.3 billion in the first quarter. The company's transformation into an AI-driven expert platform is yielding results, particularly visible in its Global Business Solutions Group. Its Online Ecosystem revenue growth of 20% marked a two-percentage-point acceleration from the previous quarter, coupled with Credit Karma's 29% revenue surge, thus demonstrating the successful execution of the company's digital initiatives.Cor ...

Intuit Inc. (NASDAQ:INTU) Barclays 22nd Annual Global Technology Conference December 11, 2024 4:20 PM ET Company Participants Marianna Tessel - EVP and GM, Global Business Solutions Group Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Hey, welcome to our next session. Very happy to have Marianna here from Intuit. Question-and-Answer Session Q - Raimo Lenschow Let me start big picture. So, like, you had a kind of long career in the valley and I think people don't quite appreciate how m ...

Intuit Inc. (NASDAQ:INTU) Barclays 22nd Annual Global Technology Conference December 11, 2024 4:20 PM ET Company Participants Marianna Tessel - EVP and GM, Global Business Solutions Group Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Hey, welcome to our next session. Very happy to have Marianna here from Intuit. Question-and-Answer Session Q - Raimo Lenschow Let me start big picture. So, like, you had a kind of long career in the valley and I think people don't quite appreciate how m ...

Intuit has rolled out new tax platform offerings for personal and small business filers.The company behind services like TurboTax, Credit Karma and QuickBooks announced the new tools Thursday (Dec. 5), saying they were part of its efforts to help taxpayers outside of tax season.“Receiving a tax refund is a pivotal moment in the financial lives of millions of Americans each year, so we’re laser focused on eliminating the work and worry of tax filing, delivering the best ‘done-for-you’ tax prep experience on ...

Intuit Inc. (NASDAQ:INTU) Wells Fargo 8th Annual TMT Summit Conference December 4, 2024 6:00 PM ET Company Participants Mark Notarainni - General Manager of Consumer Group Conference Call Participants Michael Turrin - Wells Fargo Securities Michael Turrin Great. Thanks very much. Appreciate everyone making the time. We're closing out Day Two of the Wells Fargo TMT Summit here at Terranea in sunny Southern California with a good-sized room for a later session, and really pleased to have Mark Notarainni, Gene ...

Company and Industry Overview * **Company**: Intuit Inc. (NASDAQ:INTU) * **Industry**: Financial Technology (Fintech), Software as a Service (SaaS), Small and Medium-sized Business (SMB) Solutions Key Points and Arguments 1. **Economic Environment**: The economic environment is stable with optimism, driven by improving interest rate environment, regulatory environment, and potential increase in entrepreneurship due to better regulations for opening businesses. 2. **Demand Environment**: The demand environment is showing signs of improvement, particularly in the SMB-exposed software names. Growth is solid across the board, with notable improvements in the payments business and Credit Karma. 3. **Business Performance**: * **Global Business Solutions Group**: 80% of revenue is subscription-oriented, providing insulation in a downturn. The group is seeing strong momentum, with desktop revenue returning to growth in Q2. * **Credit Karma**: Revenue grew 29% in Q1, driven by improved monetization and expansion into new segments, particularly insurance. * **Online Ecosystem**: Grew 20% in Q1 and is expected to grow 20% for the full year. This is driven by pricing resonating, shift upmarket, and increased adoption of services. 4. **Intuit Enterprise Suite**: This new offering targets the mid-market and is gaining traction. The value proposition of getting insights across the whole business and making faster decisions is resonating with customers. 5. **Investment in Sales and Marketing**: Intuit is investing in sales and marketing, particularly in areas like Intuit Assist, live expertise, and international expansion. This investment is expected to pay off in the long term. 6. **AI and Machine Learning**: Intuit is leveraging AI and machine learning to improve conversion, retention, adoption, and monetization of its offerings. This includes AI onboarding, personalized product recommendations, and seamless unlock of live human experts. 7. **Promotional Activity**: Intuit has shifted its promotional cycle for TurboTax from December to January, aligning it with the timing when people start thinking about taxes. This change is expected to improve ROI. Other Important Points * **Headcount**: Headcount is expected to remain largely flat in Q1 to Q1, with a focus on right-sizing investments. * **Seasonality**: The timing and mix of marketing spend is changing, but the full-year spend is expected to be largely in line with historical trends. * **Margin Expansion**: Intuit expects to achieve margin expansion through strategic investments and operational efficiencies.

Core Insights - Intuit reported first-quarter fiscal 2025 non-GAAP earnings of $2.5 per share, exceeding the Zacks Consensus Estimate by 5.93%, with a year-over-year increase of 1.2% [1] - Revenues reached $3.28 billion, surpassing the consensus mark by 4.58% and reflecting a 10% year-over-year growth [1] - The company's Global Business Solutions Group saw mixed performance, with overall revenues growing 8.53% year over year to $2.54 billion, beating the Zacks Consensus Estimate by 1.62% [1] Revenue Breakdown - Online Ecosystem revenues increased by 20% to $1.94 billion, indicating a successful digital transformation strategy [2] - Desktop Ecosystem revenues declined by 17% to $601 million due to strategic changes made in early fiscal 2024, although this figure exceeded the Zacks Consensus Estimate by 3.24% [3] - QuickBooks Online Accounting revenue grew by 21% to $965 million, driven by an expanding customer base and effective pricing strategies [4] Performance of Online Services - Online Services recorded a 19% revenue growth to $978 million, with the Money segment's online payment volume increasing by 17% [5] - The Payroll segment benefited from customer growth and premium tier adoption, indicating successful upselling strategies [5] - Mailchimp showed strong progress in the mid-market segment but faced increased churn among smaller customers, prompting management to enhance product features [6] International Expansion and Market Strategy - Online Ecosystem revenues grew by 10% on a constant currency basis, demonstrating effective international expansion strategies [7] - The mid-market strategy showed strong execution with a 42% growth in Online Ecosystem revenues for QBO Advanced and Intuit Enterprise Suite [8] - The Desktop Ecosystem's revenue decline reflects the transition to a recurring subscription model, with management projecting a return to growth in the fiscal second quarter [9] Future Outlook - Management projects approximately 20% Online Ecosystem revenue growth for fiscal 2025, indicating confidence in the sustainability of its digital transformation strategy [10][11] - The integration of Mailchimp and QuickBooks services positions the company well to capture growth opportunities across market segments [11] - The results highlight successful execution of platform strategy and digital transformation initiatives, despite challenges in specific segments [12] Stock Performance - Intuit shares have gained 2.4% year to date, underperforming the broader Zacks Computer and Technology sector, which grew by 27.4% [13] - The company has also underperformed compared to peers like Progress Software and SS&C Technologies, which returned 27.5% and 24.6% respectively [14]

I am the principal Portfolio Manager at Torre Financial, founded in 2018. I am also a Sr. Director of Engineering at Zillow, have worked at startups, and have started two tech companies. I graduated from Princeton University with a BSE in Mechanical and Aerospace Engineering and received my MBA from UC Berkeley's Haas School of Business.Analyst’s Disclosure: I/we have a beneficial long position in the shares of INTU either through stock ownership, options, or other derivatives. I wrote this article myself, ...

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining by more than 350 points on Friday.The Dow traded up 0.82% to 44,228.50 while the NASDAQ rose 0.14% to 18,998.27. The S&P 500 also rose, gaining, 0.31% to 5,966.91.Check This Out: Top 3 Materials Stocks That Could Blast Off In NovemberLeading and Lagging SectorsConsumer staples shares rose by 1.5% on Friday.In trading on Friday, communication services shares fell by 0.6%.Top HeadlineShares of Intuit Inc INTU fell over 5% on ...

Key TakeawaysIntuit shares tumbled Friday, a day after the company issued a current-quarter forecast that missed estimates.However, analysts were bullish on the stock, suggesting the weaker-than-expected outlook could reflect early marketing spend, which could drive later growth.The TurboTax parent said it has had discussions with the incoming Trump administration about reports of plans to launch a competing free tax-filing app. Intuit (INTU) shares tumbled Friday after the company issued a current-quarter ...