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.
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Intuit Mailchimp announces strategic partnership with Wix.com, new integrations, and features for holiday season marketing. Four in five customers prefer email communication. Personalization drives customer trust and engagement. Holiday season drives 21%-40% of marketers' annual revenue. Marketers see better results with focused, personalized approach. Marketers overwhelmed by personalization capabilities. Partnership with Wix allows seamless sync and organization of customer data. Buy with Prime app boosts conversions. GenAI and SMS features enable personalization at scale. Intuit Assist provides genAI-powered marketing assistance. SMS outreach and management now available. Mailchimp app available in multiple languages.
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Intuit Mailchimp and Wix.com announce a strategic partnership to enhance marketing capabilities and customer engagement. Users will benefit from stronger functionality and ease of use by connecting CRM data between the platforms. The integration will provide greater functionality and ease of use for self-creators using Wix and Mailchimp. Agencies and freelancers using Wix Studio will benefit from offering their clients a complete email marketing suite. The partnership will have a gradual global rollout in the U.S., Canada, and the UK.
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Intuit reaffirms financial guidance for Q1 and FY 2024, expecting revenue growth of approximately 11-12% for the full fiscal year and 10-11% for Q1. GAAP operating income to grow by 15-18% for the full fiscal year. Positive momentum and durable growth expected. Credit Karma segment to decline by 3% to grow by 3% for FY 2024.
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Intuit launches two additional QuickBooks Payroll plans in Canada to help small-to-medium-sized businesses streamline their payroll and boost efficiency. The new plans include features like time-tracking, self-serve tools for employees, and faster direct deposit. The expanded three-plan Payroll offering aims to meet the varying needs of growing businesses. Payroll is often cited as the largest expense and administrative burden for entrepreneurs. The new plans provide a streamlined and scalable solution to manage payroll effectively.
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Intuit launches educational program with food trucks in school districts, aiming to impact 5,000 underserved students. The program provides hands-on entrepreneurial and financial skills. Selected districts include Los Angeles, San Diego, Dallas, and Reno.
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Intuit unveils QuickBooks Money, a subscription-free payments and banking solution for small businesses. It offers no monthly fees or minimum balance requirements and provides complete control of money from anywhere. Small businesses can open an account in minutes and access it via mobile app or web. QuickBooks Money combines QuickBooks Checking and QuickBooks Payments. Future enhancements include access to other QuickBooks solutions.
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Intuit Inc. announces pricing of $4.0 billion senior notes offering
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Intuit to host its annual Investor Day on Sept. 28, 2023, to discuss strategy for fiscal year 2024.
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Intuit Mailchimp announces a new global brand and product campaign called 'Turn Clustomers Into Customers'. The campaign aims to address marketers' pain point of personalization at scale and promote Mailchimp's advanced marketing capabilities. Mailchimp offers advanced personalization tools that use real-time behavioral data and automated triggers to send personalized marketing. They also provide AI-backed marketing and automation tools to untangle the complex web of customers. Mailchimp customers can see up to 7x more orders with automated journeys and up to 141% more revenue with advanced AI tools. The campaign visually represents the journey of marketers through different phases of the marketing funnel. Overall, the campaign highlights Mailchimp's ability to help marketers personalize their messaging and drive revenue growth.
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Intuit introduces Intuit Assist, a new AI-powered assistant that provides personalized financial recommendations to customers
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FAQ
What is the current stock price of Intuit (INTU)?
The current stock price of Intuit (INTU) is $597.95 as of January 24, 2025.
What is the market cap of Intuit (INTU)?
The market cap of Intuit (INTU) is approximately 167.8B.
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
167.83B
272.77M
2.89%
86.77%
1.37%
Software - Application
Services-prepackaged Software
United States of America
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