Constellation Brands, Inc. (NYSE:STZ) Morgan Stanley Global Consumer & Retail Conference December 3, 2024 2:15 PM ET Company Participants Garth Hankinson - CFO Conference Call Participants Dara Mohsenian - Morgan Stanley Dara Mohsenian Please see the Morgan Stanley research website at www.morganstanley.com for research disclosures. And if you have any questions, you can reach out to your Morgan Stanley representative. With that, I'm very pleased to welcome Constellation Brands and Garth Hankinson, Constella ...

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.

Dropbox, Inc. (NASDAQ:DBX) UBS Global Technology and AI Conference December 3, 2024 1:35 PM ET Company Call Participants Timothy Regan - Chief Financial Officer Conference Call Participants Taylor McGinnis - UBS Taylor McGinnis Okay. Hello, everyone, and welcome to the UBS IT and AI conference. So in this session, we have Dropbox's CFO, Tim. Tim thanks so much for joining us today. Timothy Regan You bet, Taylor. Happy to be here. Taylor McGinnis Awesome. Perfect. And for those in the audience that don't kn ...

Analog Devices, Inc. (NASDAQ:ADI) UBS Global Technology and AI Conference December 3, 2024 12:15 PM ET Company Participants Richard Puccio - CFO Michael Lucarelli - VP of Investor Relations and FP&A Conference Call Participants Timothy Arcuri - UBS Timothy Arcuri Good morning. We're going to get started. I'm Tim Arcuri. I'm the semiconductor analyst here at UBS. Very pleased to have ADI with us. With ADI, we have Rich Puccio, who is the CFO; and we have Mike Lucarelli, who is the IR. So, thank you for -- th ...

AbbVie Inc. (NYSE:ABBV) Citi's 2024 Global Healthcare Conference Call December 3, 2024 10:15 AM ET Company Participants Jeffrey Stewart - Executive Vice President and Chief Commercial Officer Roopal Thakkar - Executive Vice President, R&D and Chief Scientific Officer Scott Reents - Executive Vice President and Chief Financial Officer Conference Call Participants Geoff Meacham - Citigroup Geoff Meacham Morning sessions. I'm Geoff Meacham. I'm the senior biopharma analyst here at Citi. And this is our first A ...

Visa Inc. (NYSE:V) UBS Global Technology and AI Conference December 3, 2024 10:55 AM ET Company Participants Chris Suh - Chief Financial Officer Conference Call Participants Timothy Chiodo - UBS Securities LLC Timothy Chiodo … to be the first one, you do for the third time as well. Chris Suh All right, great. Timothy Chiodo Let's get into some of the topics here. We've got a great list. So we're going to start with a little bit of an update on recent trends just to tackle that. So coming out of the recent e ...

Autodesk, Inc. (NASDAQ:ADSK) UBS Global Technology and AI Conference Call December 3, 2024 10:15 AM ET Company Participants Andrew Anagnost - President & Chief Executive Officer Steve Blum - Executive Vice President & Chief Operating Officer Conference Call Participants Taylor McGinnis - UBS Taylor McGinnis Okay. Hello, everyone and good morning. Welcome to the 2024 UBS AI and Technology Conference. My name is Taylor McGinnis. I head up the mid-cap application SaaS coverage here at UBS. And with me is Autod ...

Gilead Sciences, Inc. (NASDAQ:GILD) Piper Sandler 36th Annual Healthcare Conference December 3, 2024 11:00 AM ET Company Participants Andy Dickinson - Chief Financial Officer Conference Call Participants Joe Catanzaro - Piper Sandler Joe Catanzaro Great. So thanks everybody for joining us here day one Annual Piper Sandler Healthcare Conference. I'm Joe Catanzaro, one of the biotech analysts here at Piper. It's my pleasure to welcome Gilead and their CFO, Andy Dickinson. Andy, thanks so much for joining us. ...

T-Mobile US, Inc. (NASDAQ:TMUS) Wells Fargo 8th Annual TMT Summit Conference December 3, 2024 11:00 AM ET Company Participants Jon Freier - President, Consumer Group Cathy Yao - SVP, Investor Relations Conference Call Participants Eric Luebchow - Wells Fargo Eric Luebchow All right. Good morning, everyone. Thank you for joining us at the Wells Fargo TMT Summit. We're going to kick it off today. My name is Eric Luebchow, Head of telecom services and communications infrastructure research in this morning. Ver ...

Lumen Technologies, Inc. (NYSE:LUMN) Bank of America Securities 2024 Leveraged Finance Conference Call December 3, 2024 10:10 AM ET Company Participants Chris Stansbury - Executive Vice President & Chief Financial Officer Conference Call Participants Ana Goshko - Bank of America Ana Goshko Joining us at the Bank of America Leverage Finance Conference. I'm Ana Goshko from the fixed income research side, I cover Telecom and Technology. And we're thrilled to have Lumen Technologies with us. Chris Stansbury, th ...