Intuit Inc - INTU STOCK NEWS

Intuit Mailchimp has released 'The Revenue Blueprint' report, based on a global survey of 2,000+ marketing leaders. The study categorizes marketers into three groups: Baseline Marketers, Performance-Obsessed Marketers, and Revenue Leaders. Key findings reveal that 74% of marketers use AI, with Revenue Leaders showing more effective AI implementation. The report identifies four important pillars: email marketing (cited by 87% of Performance-Obsessed Marketers as top awareness channel), automation (89% of Revenue Leaders automate entire customer journey), data-powered personalization (64% of Revenue Leaders use customer data platforms), and AI investment for business outcomes.

Intuit (INTU) has launched QuickBooks Sole Trader in the UK, a cloud-based tax and accounts solution designed for sole traders with annual income under £90,000. The AI-powered platform helps manage receipts, mileage, expenses, bank transactions, and invoices in one place, while simplifying income tax preparation. The launch aligns with the UK's Making Tax Digital (MTD) mandate, which will require digital record-keeping for those earning over £50,000 from April 2026, and those earning over £30,000 from April 2027. The solution features AI-driven automation, mobile access, construction industry capabilities, and accountant collaboration tools.

Intuit (Nasdaq: INTU) announced it will release its first-quarter fiscal year 2025 financial results on November 21 after market close. The company will host a conference call at 1:30 p.m. Pacific time to discuss the results. The call will be accessible live at the investor relations website, with prepared remarks available afterward. A replay will be available for one week via phone and on the company's website.

Intuit unveiled new innovations at Intuit Connect conference, focusing on AI-driven solutions for accounting professionals and businesses. Key announcements include the Intuit Enterprise Suite, enhanced AI capabilities in QuickBooks and Mailchimp, and improved payroll solutions. The company introduced Intuit Assist, a GenAI-powered financial assistant, and expanded QuickBooks Live services. Notable updates include AI-accounting automation, new payroll features, and a reimagined ProAdvisor training program. The innovations aim to help businesses increase revenue and improve profitability through automated processes and enhanced customer engagement tools.

A new Intuit QuickBooks report reveals that consumer holiday spending is projected to reach $211 billion, a 34% year-over-year decrease due to rising costs and inflationary pressures. Small businesses project 33% of their total yearly revenue from seasonal shopping this year, with 61% saying holiday revenue is key to their success.

Despite the expected downturn, 93% of consumers plan to shop small this season, representing a $76 billion opportunity for small businesses. Consumers are expected to spend an average of $294 at small businesses, down 40% from last year.

To maximize revenue potential, QuickBooks and Mailchimp recommend small businesses offer targeted discounts, focus on marketing via email and in-store promotions, leverage social media platforms, use AI for targeted campaigns and inventory management, and ensure inventory availability before peak shopping days like Black Friday and Small Business Saturday.

Intuit Inc. (Nasdaq: INTU) unveiled new AI-powered innovations at its Investor Day 2024, focusing on delivering seamless, done-for-you experiences for consumers and businesses. The company is integrating TurboTax and Credit Karma into a single consumer financial platform, offering year-round insights and recommendations. For businesses, Intuit is connecting QuickBooks and Mailchimp with AI-powered automations to help customers grow while reducing manual work.

Key innovations include:

• Personalized Financial Summary for Credit Karma members
• Seamless tax filing experience within the Credit Karma app
• AI-generated business insights and automations in QuickBooks
• TurboTax Live enhancements for faster, more personalized tax preparation

These innovations are powered by Intuit Assist, the company's generative AI-powered financial assistant, aiming to provide customers with complete confidence in their financial decisions.

Intuit Inc. (Nasdaq: INTU) reaffirmed its financial guidance for Q1 and FY2025 during its Investor Day. The company expects:

- FY2025 revenue of $18.160B to $18.347B, growth of 12-13%
- FY2025 GAAP operating income of $4.649B to $4.724B, growth of 28-30%
- FY2025 Non-GAAP operating income of $7.241B to $7.316B, growth of 13-14%
- FY2025 GAAP EPS of $12.34 to $12.54, growth of 18-20%
- FY2025 Non-GAAP EPS of $19.16 to $19.36, growth of 13-14%

For Q1 FY2025, Intuit expects revenue growth of 5-6%. The company also provided segment revenue growth projections for FY2025, highlighting its AI-driven expert platform strategy.

Intuit Inc. (Nasdaq: INTU) is pioneering a done-for-you future with agentic AI, developed using its proprietary Generative AI Operating System (GenOS). These new systems will automate tasks for consumers and businesses, complemented by AI-driven insights and expert support. Initial capabilities will be available starting in December, with additional use cases rolling out throughout 2025.

Key agentic AI applications include:

• Automating cash flow management tasks
• Streamlining small business customer onboarding
• Blending developer expertise with AI for tax code updates
• Providing personalized answers and insights

Intuit's GenOS, built over the past 15 months, combines the GenRuntime framework and custom-trained financial large language models to power these agentic workflows. The company emphasizes its commitment to data privacy, security, and responsible AI governance in developing these innovations.

Spruce Point Capital Management has released a report expressing a strong sell opinion on Intuit Inc. (NASDAQ: INTU). The report highlights concerns about Intuit's Small Business & Self-Employed segment, questioning its transparency and competitive position. It criticizes the acquisitions of Mailchimp and Credit Karma, suggesting they may detract from Intuit's valuation due to inferior revenue characteristics and competitive struggles.

The report also raises issues with TurboTax, citing alleged unsavory corporate behavior, questionable disclosures, and risks from the IRS Direct File program. Spruce Point argues that Intuit has failed to effectively monetize AI and faces underappreciated risks related to data compliance and security.

Based on their analysis, Spruce Point estimates that Intuit's share price faces 40%-80% long-term downside risk when applying sum-of-the-parts and free cash flow-based valuation methodologies.