PORTLAND, Ore., July 10, 2025 (GLOBE NEWSWIRE) -- SignWell, a leading e-signature platform trusted by over 65,000 businesses, now seamlessly integrates with Intuit QuickBooks. This integration will empower financial professionals and companies to get estimates and invoices signed faster, eliminate paperwork bottlenecks, and reduce approval delays. Business owners and financial professionals, especially accountants and bookkeepers, rely on QuickBooks Online to manage transactions efficiently. This integratio ...

Intuit (INTU) Conference Call Summary Company Overview - **Company**: Intuit (INTU) - **CEO**: Sasan Gudarzi, CEO since February 2019, with over 20 years at Intuit - **Core Business**: Focused on tax services and small business solutions, with a strong emphasis on AI and data-driven platforms [3][4][5] Key Financial Performance - **Q3 Growth**: Company reported a 15% growth in the last quarter, with guidance for 15% growth for the year [9][10] - **Consumer Segment**: Both Tax and Credit Karma platforms grew double digits, with the business group growing 20% [10] - **TurboTax Live**: Assisted tax services grew by 47% this year, significantly up from 17% growth in the previous two years [16][18] Strategic Insights - **Platform Strategy**: Intuit aims to be a one-stop shop for consumers and businesses, integrating services from credit building to cash flow management [6][10] - **Market Opportunity**: The total addressable market in tax is approximately $40 billion, with a significant opportunity in the assisted tax segment [17][24] - **Consumer Confidence**: Many consumers opt for professional tax services due to confidence in accuracy, with 80 million out of 100 million consumers being addressable for Intuit's services [25][26] Industry Dynamics - **Small Business Resilience**: Despite economic challenges, small businesses using Intuit's platform are reportedly stable and resilient, with profits and cash flow up year-over-year [13][14] - **Market Diversification**: Intuit serves a wide range of industries, reducing exposure to sector-specific risks [13] Product Development and Innovation - **AI Integration**: Intuit is launching several AI agents to enhance customer experience, including customer, payments, payroll, and accounting agents [58][59] - **Pricing Strategy**: New pricing for QuickBooks Online and other products is expected to increase by 15% to 17%, reflecting the added value from AI innovations [62][63] Competitive Landscape - **Mid-Market Growth**: Intuit's mid-market solutions, including QuickBooks Online Advanced and Intuit Enterprise Suite, have seen significant growth, with expectations for continued disruption in this segment [41][47] - **Customer Retention**: Intuit's ease of use, total cost of ownership, and competitive pricing are key factors in retaining customers against competitors like NetSuite and Sage [52][55] Future Outlook - **Mailchimp Integration**: Efforts are underway to simplify Mailchimp's offerings to better serve small businesses, with expectations for recovery to double-digit growth [70][73] - **Human Capital Management**: The acquisition of GoCo aims to enhance Intuit's capabilities in managing workforce needs for mid-market businesses [78][80] - **Capital Allocation**: Future focus will be on organic growth and smaller acquisitions, with no large acquisitions anticipated in the near term [81][82] Conclusion - Intuit is positioned for continued growth through its platform strategy, AI integration, and focus on customer experience, while navigating the competitive landscape and addressing market opportunities in both consumer and small business segments.

Core Insights - Intuit (INTU) reported fiscal third-quarter 2025 non-GAAP earnings of $11.65 per share, exceeding the Zacks Consensus Estimate by 6.98%, with an 18% increase year-over-year [1] - Revenues reached $7.75 billion, surpassing the consensus mark by 2.78% and reflecting a 15.1% year-over-year growth [1] Revenue Breakdown - Global Business Solutions Group revenues, accounting for 36.7% of total revenues, grew 19.4% year-over-year to $2.85 billion [2] - Online Ecosystem revenues within this segment increased 18% year-over-year to $2.1 billion [2] - QuickBooks Online Accounting revenues rose 21% year-over-year to $1.04 billion, driven by higher effective prices, customer growth, and mix-shift [2] - Online Services revenues, including payroll and payments, jumped 18% year-over-year to $1.05 billion [3] - Consumer Group revenues, making up 52.2% of total revenues, increased 10.8% to $4.05 billion [3] - ProTax Group's professional tax revenues rose 9.4% year-over-year to $278 million [3] - Credit Karma contributed $579 million to total revenues, marking a 30.7% year-over-year increase [4] Financial Performance - Non-GAAP operating income climbed 17% to $4.34 billion, with a non-GAAP operating margin increase of 90 basis points to 56% [4] - As of April 30, 2025, Intuit's cash and investments totaled $6.2 billion, up from $2.5 billion as of January 31, 2025 [5] - The company had long-term debt of $5.9 billion and repurchased $754 million of stock during the fiscal third quarter [5] - A quarterly dividend of $1.04 per share was approved, representing a 16% year-over-year increase [5] Future Outlook - For fiscal fourth quarter 2025, revenues are expected to grow between 17% and 18% year-over-year, projected in the range of $3.72-$3.76 billion [6] - Non-GAAP earnings for the quarter are estimated between $2.63-$2.68 per share [6] - Fiscal 2025 revenues are projected to be between $18.72-$18.76 billion, indicating approximately 15% growth [6] - Global Business Solutions segment revenues are expected to grow 16% year-over-year, while Consumer Group revenues are anticipated to grow around 10% [7] - Credit Karma revenues are projected to grow 28%, and ProTax revenues are forecasted to grow 3-4% [7] - Non-GAAP operating income is expected to be between $7.54 billion and $7.56 billion, with non-GAAP earnings per share projected between $20.07 and $20.12 for fiscal 2025 [7]

The upcoming report from Intuit (INTU) is expected to reveal quarterly earnings of $10.89 per share, indicating an increase of 10.2% compared to the year-ago period. Analysts forecast revenues of $7.54 billion, representing an increase of 12% year over year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a company re ...