Welcome to our dedicated page for Intuit news (Ticker: INTU), a resource for investors and traders seeking the latest updates and insights on Intuit stock.
Intuit Inc. (NASDAQ: INTU) drives innovation in financial management software through products like QuickBooks and TurboTax. This news hub provides investors and professionals with essential updates about the company's strategic initiatives, product enhancements, and market position.
Access real-time announcements including earnings reports, leadership changes, and technology partnerships. Our curated collection features official press releases alongside verified analysis to help you track Intuit's evolution in accounting solutions, tax automation, and small business ecosystems.
Key coverage areas include quarterly financial results, regulatory filings, product launches like Credit Karma integrations, and corporate responsibility initiatives. All content is organized chronologically for efficient research and due diligence.
Bookmark this page for streamlined access to Intuit's latest developments. Combine our news archive with Stock Titan's financial tools to maintain informed perspectives on this financial technology leader.
Intuit (NASDAQ: INTU) has launched new products for tax year 2021, enhancing the TurboTax experience with AI-powered expert matching to connect users with tax professionals tailored to their unique tax situations. TurboTax Live offers various services including expert consultations and comprehensive tax preparation. The new features include personalized guidance, year-round tax advice, and a 100% Expert Approved Guarantee. These innovations aim to improve taxpayer confidence and ease the filing process, ensuring maximum credits and deductions are obtained.
Intuit Accountants has announced new updates for its tax software products, including ProConnect Tax Online®, ProSeries®, and Lacerte®, to prepare tax professionals for the upcoming tax season. Key enhancements include features like direct data import, smart navigation, work management tools, and improved eSignature capabilities. The updates aim to streamline workflows and improve efficiency for tax professionals. Additionally, Intuit introduced a new guide, 'Path to Advisory,' to help firms transition to advisory services.
Intuit has announced the pricing of an underwritten secondary offering of 1,548,700 shares of its common stock at $668.95 per share. This offering, representing around 15.3% of shares issued in connection with the acquisition of Mailchimp, will be conducted by entities related to co-founder Dan Kurzius. Proceeds will fulfill tax obligations and estate planning purposes for the Selling Stockholder, who will receive all net proceeds. Intuit will not sell shares or receive any proceeds from this offering, with delivery expected by December 1, 2021.
Intuit (NASDAQ: INTU) announced an underwritten secondary offering of 1,548,700 shares of its common stock, representing approximately 15.3% of shares issued due to its acquisition of Mailchimp. The Selling Stockholder, affiliated with co-founder Dan Kurzius, will receive the net proceeds, with sales aimed at satisfying tax obligations and estate planning. Intuit is not selling any shares and will not receive proceeds from this offering. Goldman Sachs & Co. LLC acts as the sole book-running manager for the offering.
Intuit (NASDAQ: INTU) announced that Greg Johnson, executive vice president and general manager of Intuit’s Consumer Group, will participate in a fireside chat at the Wells Fargo TMT Virtual Summit on Tuesday, November 30. The event starts at 2:20 p.m. PDT and 5:20 p.m. EDT. Interested parties can access the live audio webcast on Intuit’s investor relations website, with a replay available 24 hours post-event.
Intuit (NASDAQ: INTU) announced that Michelle Clatterbuck, Chief Financial Officer, will participate in a fireside chat at the Nasdaq Virtual Investor Conference on Tuesday, November 30, starting at 9:00 a.m. PDT / 12:00 p.m. EDT. The event will be accessible via live audio webcast on Intuit's investor relations website, with a replay available 24 hours post-event. Intuit serves over 100 million customers globally with products like TurboTax, QuickBooks, Mint, Credit Karma, and Mailchimp.
Intuit Inc. (Nasdaq: INTU) reported strong financial results for Q1 FY2022, with total revenue surging to $2.0 billion, up 52% from $1.3 billion the previous year. The growth includes a record $418 million in revenue from Credit Karma. Boosting its fiscal guidance, Intuit anticipates annual revenue growth of 26-28%, up from earlier estimates of 15-16%. The strong performance is driven by a 22% increase in Small Business and Self-Employed Group revenue and a 36% rise in Online Ecosystem revenue. Additionally, Intuit announced a quarterly dividend increase of 15% to $0.68 per share.
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Intuit has announced a $100,000 grant program in partnership with the Georgia Restaurant Association to support small restaurants in the Atlanta metro area. The QuickBooks Restaurant Relief Initiative will provide $5,000 grants to restaurants with annual net revenues below $250,000. This initiative aims to help struggling restaurants cover payroll and operating expenses as they continue recovering from pandemic-related challenges. Recipients will also receive free subscriptions to QuickBooks and Mailchimp.
Intuit Inc. (NASDAQ: INTU) has launched The Path to Advisory, a free online guide aimed at helping tax firms transition from compliance to advisory services. This guide consolidates insights from Intuit Tax Council Members and offers actionable steps for tax professionals. A recent survey indicated that 74% of tax firms provide advisory services, yet only 62% profit from them. The guide includes valuable resources, including testimonials, pricing strategies, and task lists to enhance client relationships and operational efficiency in tax services.
