Intuit Inc - INTU STOCK NEWS

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.

Intuit Inc. (Nasdaq: INTU) has unveiled the Intuit Enterprise Suite, a comprehensive solution for mid-market businesses. This integrated financial product suite is designed to enhance productivity and profitability for growing companies, particularly those with multi-entity, service, and project-based operations. Key features include:

- AI-powered financial management and accounting
- Industry-specific project performance tracking
- Customer engagement tools via Mailchimp integration
- Robust payroll and HRIS capabilities
- Streamlined payment and bill management
- Access to specialized services and experts

The suite aims to address the $89 billion total addressable market of larger, mid-market businesses with complex needs. It offers a scalable, integrated solution to reduce manual tasks, boost automation, and provide actionable insights for faster decision-making.

Intuit (Nasdaq: INTU), the global financial technology platform behind TurboTax, Credit Karma, QuickBooks, and Mailchimp, has announced its annual Investor Day for September 26, 2024. The event will take place at the company's headquarters in Mountain View, CA, starting at 8:00 a.m. Pacific Time.

CEO Sasan Goodarzi and CFO Sandeep Aujla, along with other business leaders, will present Intuit's strategy for fiscal year 2025 (August 1, 2024 to July 31, 2025). The half-day event will be accessible via a live webcast on Intuit's investor relations website. A replay will be available approximately three hours after the event concludes.

Intuit Inc. (Nasdaq: INTU), the global financial technology platform behind TurboTax, Credit Karma, QuickBooks, and Mailchimp, has announced that CEO Sasan Goodarzi will present at the Goldman Sachs Communacopia & Technology Conference on September 11, 2024. The fireside chat is scheduled for 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time).

Investors and interested parties can access a live audio webcast of the presentation through Intuit's investor relations website. A replay of the webcast will be made available approximately 24 hours after the presentation concludes, providing an opportunity for those unable to attend the live event to catch up on the insights shared.

Intuit has announced major enhancements to its proprietary Generative AI Operating System (GenOS), accelerating development velocity across its products and services. The upgraded GenOS now includes:

1. GenOS AI Workbench: A dedicated development environment for end-to-end application development.

2. Enhancements to GenStudio, GenRuntime, and GenUX components.

These improvements aim to streamline AI-powered application development, enabling rapid experimentation and innovation for Intuit's 100 million customers. The system provides a comprehensive suite of tools, including an extensible catalog of large language models (LLMs) and built-in governance and safety guardrails.

Since its introduction in June 2023, GenOS has enabled Intuit technologists to experiment with hundreds of GenAI use cases, leading to new experiences like Intuit Assist across its product lineup.

Intuit (Nasdaq: INTU) announced that Marianna Tessel, executive vice president and general manager of Intuit's Global Business Solutions Group, will present at the Citi 2024 Global TMT Conference on September 4, 2024. The fireside chat is scheduled for 12:00 p.m. Pacific Time (3:00 p.m. Eastern Time).

The presentation will be available via live audio webcast on Intuit's investor relations website. A replay will be accessible approximately 24 hours after the event concludes. Intuit is a global financial technology platform known for products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp.

Education at Work and Intuit (Nasdaq: INTU) have partnered to launch a pilot program offering college students valuable experience in tax, accounting, and financial services while helping them pay for college. The program, starting in fall 2024, will involve up to 60 undergraduate students from Arizona State University working part-time in Intuit's TurboTax business, with the potential to earn up to $5,250 in tuition assistance.

This initiative addresses the critical shortage of certified tax and accounting professionals, strengthening Intuit's talent pipeline. The program aligns with the growing demand for tax and accounting professionals, as highlighted by U.S. Bureau of Labor Statistics research. Education at Work's track record shows participating students are 25% more likely to graduate and do so with 40% less student debt compared to their peers.

Intuit Inc. (Nasdaq: INTU) reported strong financial results for Q4 and fiscal year 2024. Full-year revenue grew 13% to $16.3 billion, with Small Business and Self-Employed Group revenue up 19%. The company's AI-driven expert platform strategy showed progress, positioning it for future growth. Key highlights include:

- Combined platform revenue increased 14% to $12.5 billion
- Consumer Group revenue grew 7% to $4.4 billion
- Credit Karma revenue rose 5% to $1.7 billion
- GAAP EPS increased 24% to $10.43
- Non-GAAP EPS grew 18% to $16.94

Intuit also announced a 16% increase in quarterly dividend and a new $3.0 billion stock repurchase authorization.