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. (INTU) is a leading American business software company based in Mountain View, California. Founded in the mid-1980s, Intuit specializes in providing financial software solutions that cater to small businesses, personal finance, and tax-filing needs. The company is currently helmed by CEO Sasan Goodarzi.
Intuit's flagship products include QuickBooks, which is widely recognized as the go-to accounting software for small businesses. QuickBooks helps manage expenses, track sales, and generate financial reports. For individuals, Intuit offers TurboTax, a popular do-it-yourself tax-filing software that simplifies the tax preparation process. Additionally, Intuit provides Lacerte, a professional tax software designed for tax professionals and accounting firms.
Intuit has a substantial market share in the U.S., particularly in the small-business accounting and tax-filing segments. The company's recent achievements include the continuous enhancement of its software offerings, incorporation of AI-driven features to improve user experience, and expansion of its cloud-based services. Intuit also engages in strategic partnerships and acquisitions to broaden its product portfolio and market reach.
The financial condition of Intuit remains robust, with consistent revenue growth and a strong balance sheet. The company's stock performance reflects its leadership in the financial software market and its ability to innovate and meet customer needs.
Rhea-AI Summary
Intuit Inc. (Nasdaq: INTU) released the findings of the Intuit QuickBooks Entrepreneurship in 2024 Report, revealing that 23% of surveyed U.S. adults are considering starting a business in the new year, with Gen Z showing the most interest. The report also highlights the impact of inflation and interest rates on personal wealth, with 66% believing that starting a business is a better path to wealth than buying a house. The survey of small business owners indicates that hiring skilled workers, social media, and ecommerce are seen as the primary drivers of business growth, ahead of securing financing or loans. The report also discusses the reliance of small businesses on credit cards for cash flow management, with concerns about credit card balances and high interest rates. Additionally, insights on defining success in 2024 are provided, with small business owners setting revenue growth as their primary goal, and Millennials having the highest bar for success at an average of $288,000 in annual earnings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
-
Rhea-AI Summary
Intuit Inc. (Nasdaq: INTU) announced a new global QuickBooks brand platform, 'Business Differently,' featuring a multi-channel campaign debuting in the US. The campaign introduces QuickBooks Money, a subscription-free payments and banking solution offering an industry-leading 5.00% APY. QuickBooks Money is designed to help solopreneurs manage their money end-to-end, with no monthly fees or minimum balance requirements. The campaign includes TV ads, social media, influencer, and custom content campaigns, showcasing how tools like QuickBooks Money can power solopreneurs on their business journey.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
-
Rhea-AI Summary
Intuit Inc. (INTU) announced financial results for the first quarter of fiscal 2024, ending October 31. The company's total revenue grew to $3.0 billion, up 15 percent, with Small Business and Self-Employed Group revenue increasing to $2.3 billion, up 18 percent. Online Ecosystem revenue grew to $1.6 billion, up 20 percent. Credit Karma revenue reported at $405 million, down 5 percent. Consumer Group revenue increased to $187 million, up 25 percent, and ProTax Group revenue grew to $42 million, up 24 percent. Operating income increased by 304% to $307 million, with non-GAAP earnings per share at $2.47, up 49%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.15%
Tags
Rhea-AI Summary
Intuit Inc. (INTU) CEO Sasan Goodarzi to present at Nasdaq Investor Conference in London. The fireside chat will be available live via audio webcast on Intuit’s investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
-
Rhea-AI Summary
Intuit Inc. (INTU) announced that Marianna Tessel, EVP and GM of Small Business & Self Employed Group, will present at the UBS Global Technology Conference on November 29, 2023. The fireside chat will be available via audio webcast on Intuit’s investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.68%
Tags
-
Rhea-AI Summary
Intuit Inc. (INTU) announces expanded experiences for small businesses and Spanish language filers with the latest evolution of its TurboTax Live Full Service offering, launching on November 30, 2023. The offering will match customers to a virtual tax expert or local Intuit TurboTax Verified Pro for virtual or in-person tax preparation. New GenAI-powered innovations will roll out across its TurboTax Online and TurboTax Live products and services, including Spanish language translations, increasing the ease of tax preparation for all taxpayers and small businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
Rhea-AI Summary
Intuit (NASDAQ: INTU): Intuit QuickBooks survey reveals that Canadian consumers plan to increase total small business spend by 40 per cent year-over-year. The survey found that consumers are budgeting 33 per cent more for holiday purchases than last year, and 43 per cent expect to do at least half of their shopping at small businesses. The survey indicates a significant surge in the intention to support small businesses, driven by an average spending budget of $459 per shopper, a notable 37 per cent increase from last year's average of $334. Intuit QuickBooks has created a tailored Small Business Holiday Gift Guide to encourage Canadians to shop local, and help small businesses meet this season’s sales goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.39%
Tags
-
Rhea-AI Summary
Intuit (NASDAQ: INTU) Unveils QuickBooks Platform Innovations at QuickBooks Connect Conference in Las Vegas. Introducing QuickBooks Ledger, QuickBooks Online Accountant improvements, and New QuickBooks ProAdvisor Program. The event focuses on fostering relationships, providing insights, and empowering small businesses and accounting professionals through AI-driven innovations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.39%
Tags
-
Rhea-AI Summary
Intuit (Nasdaq: INTU) announces a strategic partnership with Allstate Health Solutions to provide expanded insurance options for QuickBooks Online Payroll customers, offering a seamless and affordable integrated experience. This partnership aims to simplify the process of selecting and managing employee benefits, saving time and minimizing errors for busy business owners. Allstate Health Solutions will offer a wide range of insurance options, including supplemental and voluntary benefits, with a dedicated agent network for expert guidance and personalized recommendations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
Rhea-AI Summary
INTU: Intuit Announces Enhanced Tax Preparation Software and Tools for Tax Year 2023, Including Intuit Tax Advisor, ProConnect Tax, Lacerte Tax, and ProSeries Tax, to Help Accounting Professionals Stay Ahead of the Curve
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
Tags
FAQ
What is the current stock price of Intuit (INTU)?
The current stock price of Intuit (INTU) is $640.12 as of November 22, 2024.
What is the market cap of Intuit (INTU)?
The market cap of Intuit (INTU) is approximately 181.7B.
What does Intuit Inc. do?
Intuit Inc. specializes in providing financial software solutions for small businesses, personal finance, and tax-filing needs.
Who is the CEO of Intuit Inc.?
The CEO of Intuit Inc. is Sasan Goodarzi.
What are Intuit's main products?
Intuit's main products include QuickBooks for small business accounting, TurboTax for personal tax solutions, and Lacerte for professional tax services.
Where is Intuit Inc. headquartered?
Intuit Inc. is headquartered in Mountain View, California.
When was Intuit founded?
Intuit was founded in the mid-1980s.
What market share does Intuit control?
Intuit controls the majority of the U.S. market share for small-business accounting and do-it-yourself tax-filing software.
What recent achievements has Intuit accomplished?
Recent achievements include continuous software enhancements, AI-driven feature integration, and expansion of cloud-based services.
How is Intuit's financial condition?
Intuit's financial condition is robust, with consistent revenue growth and a strong balance sheet.
Does Intuit engage in partnerships and acquisitions?
Yes, Intuit engages in strategic partnerships and acquisitions to expand its product portfolio and market reach.
What is QuickBooks?
QuickBooks is Intuit's accounting software designed to help small businesses manage expenses, track sales, and generate financial reports.
Intuit Inc
Nasdaq:INTU
INTU Rankings
INTU Stock Data
181.74B
272.63M
2.89%
86.84%
1.37%
Software - Application
Services-prepackaged Software
United States of America
MOUNTAIN VIEW