Intuit Stock Price, News & Analysis

Intuit (Nasdaq: INTU) is leveraging its unified financial technology platform to drive innovation and enhance customer experiences. The company's architecture has increased development velocity by 6X since FY20, enabling 58 billion machine learning predictions daily. Key initiatives like the AI Infrastructure and Data Map support multiple applications, enhancing transaction categorization and customer service. Recent integrations, including TurboTax with Credit Karma Money, illustrate Intuit's commitment to providing seamless and efficient financial solutions, ultimately aiming to improve customers’ financial outcomes.

Intuit Inc. (NASDAQ: INTU) reaffirmed its financial guidance for Q1 and FY 2023 during its Investor Day held in Mountain View, CA. The company expects FY revenue to be between $14.485 billion and $14.700 billion, representing growth of 14-16%. Operating income is forecasted at $2.794 billion to $2.899 billion, with a decline of 1-5% in GAAP diluted EPS expected. The Small Business and Self-Employed Group is projected to grow by 19-20%, while the Consumer Group will see 9-10% growth.

Intuit (NASDAQ: INTU) has officially opened its new Canadian headquarters in Toronto, located at 'The Well' on Front Street West. This innovative 116,000 square foot office is designed to enhance hybrid work culture and foster collaboration among employees. David Marquis, VP and Canada country manager, emphasized the company's commitment to investing in growth and leveraging Toronto's rich talent pool, which ranks as North America's third-largest tech hub. The new office features diverse spaces for focus, collaboration, and wellness, affirming Intuit's aim to empower employees and communities.

NEXT Insurance and Intuit have partnered to launch NEXT Connect, an embedded insurance solution within QuickBooks. This offering allows small businesses to access digital insurance products directly from their QuickBooks accounts, facilitating quotes and coverage binding without leaving the platform. The embedded solution includes a pay-as-you-go workers' compensation option, enhancing cash flow management for small businesses. This initiative aims to address the unique needs of small businesses in light of economic challenges, providing customizable coverage aligned with payroll.

Summary not available.

Summary not available.

Intuit (Nasdaq: INTU) will hold its annual Investor Day on Sept. 29, at 8:00 a.m. Pacific time at its Mountain View, CA headquarters. CEO Sasan Goodarzi and CFO Michelle Clatterbuck will discuss the company's strategy for fiscal year 2023, which runs from August 1, 2022 to July 31, 2023. The event will be webcast live and available for replay on Intuit’s website two hours after the meeting concludes. Intuit serves over 100 million customers globally through its financial technology products including TurboTax and QuickBooks.

Intuit (Nasdaq: INTU) announced that CEO Sasan Goodarzi will present at the Goldman Sachs TMT Conference on September 13, starting at 10:00 a.m. Pacific time. This presentation will be accessible via a live audio webcast on Intuit’s investor relations website and a replay will be available approximately 24 hours after the presentation concludes. Intuit is a leading global financial technology platform, serving over 100 million customers worldwide with products like TurboTax and QuickBooks.

Intuit has launched the Intuit Tax Advisor (ITA), a new tool for tax professionals aimed at enhancing tax planning and advisory services. ITA integrates with existing Intuit software like Lacerte and ProConnect Tax, offering personalized reports for clients to maximize tax savings. The tool aims to simplify the planning process, reduce errors, and allows for unlimited tax plans for clients with a single credit purchase, including three free credits in 2022.