In its inaugural year, participants of the Intuit IDEAS Program experienced an average revenue growth of 23% and saved 16.5 hours per month due to efficiencies enabled by INTU's financial technology platform, which leverages data and AI as part of its core strategy. Additionally, participants benefited from guidance provided by Intuit's experts and business coaching from the Los Angeles Urban League. Intuit projects fiscal 2024 revenues in the band of $16.164-$16.2 billion, indicating 13% year-over-year gro ...

Over the past month, shares of this maker of TurboTax, QuickBooks and other accounting software have returned -8.7%, compared to the Zacks S&P 500 composite's +3.6% change. During this period, the Zacks Computer - Software industry, which Intuit falls in, has gained 4.6%. The key question now is: What could be the stock's future direction? We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earning ...

Intuit plans to acquire technology and add employees from Zendrive to accelerate the development and adoption of Karma Drive, a telematics-powered, usage-based auto insurance product offered by Intuit business unit Credit Karma. Because Karma Drive is powered by telematics, the product gives carriers better visibility — with member consent — into members' driving behaviors, according to the release. Credit Karma has partnered with Zendrive since it launched Karma Drive more than three years ago, according t ...

Intuit, the maker of TurboTax, Credit Karma, QuickBooks and Mailchimp, will preview a new artificial intelligence (AI) system designed to help businesses increase revenue through smarter marketing. The new tools' preview is slated for Intuit's annual customer event in London next week. Next Tuesday (June 18), the company plans to begin allowing customers worldwide to sign up for early access to the technology. Intuit's move is the latest example of a technology company tapping AI to try to make its products ...

Intuit Inc. (NASDAQ:INTU) NASDAQ Investor Conference June 11, 2024 5:00 AM ET Company Participants Sandeep Aujla - CFO Conference Call Participants Joseph Gallo - Jefferies Joseph Gallo Hi, everyone. Joe Gallo. I'm delighted to have Sandeep Aujla, CFO, at Intuit. He's been at Intuit for almost a decade now. Really appreciate you joining us here today. Sandeep Aujla Thank you for having me, Joe. Joseph Gallo I think most people probably know what you guys do, but since it is a room of generalists, maybe just ...

Intuit (INTU) has been making waves in the investment community lately. With a robust product portfolio, a recurring revenue model, and a dominant market position, this leading provider of financial software solutions presents a compelling case for investors seeking long-term growth opportunities. Intuit has an estimated 90% market share in the consumer tax preparation segment through its flagship product, TurboTax. Its QuickBooks accounting software holds a commanding 80% market share among small businesse ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with th ...

Key Takeaways Shares of Intuit, the maker of TurboTax software for taxpayers filing their own returns, slid Thursday as the IRS said it would broaden its free, direct tax filing program in 2025. The free IRS direct filing system will compete with Intuit's TurboTax, which offers both free and paid tax filing software. Direct File from the IRS will be available for use by all taxpayers starting in the 2025 tax season. Intuit earlier warned that it expects to lose customers who use its free TurboTax program if ...

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Bill Oxford/iStock Unreleased via Getty Images Introduction It's time to talk about one of the biggest compounders on the stock market. Intuit Inc. (NASDAQ:INTU) has returned 17.6% per year since August 2003, as proven by the chart below. FAST Graphs - INTU Stock Price Compounding wealth at 17.6% annually would have turned a $10 thousand investment into $256 thousand within 20 years! My most recent article on the stock was written on July 17, 2023, when I called the company a "Tech Investor's Dream." Since ...