Amazon's millions of third-party sellers will be able to bring their expense, inventory and tax data into Intuit QuickBooks through a new integration. The companies are targeting mid-2025 to bring the product to market, starting with sellers in the U.S.
Intuit has rolled out new tax platform offerings for personal and small business filers. The company behind services like TurboTax, Credit Karma and QuickBooks announced the new tools Thursday (Dec. 5), saying they were part of its efforts to help taxpayers outside of tax season.
Intuit Inc. (NASDAQ:INTU ) Wells Fargo 8th Annual TMT Summit Conference December 4, 2024 6:00 PM ET Company Participants Mark Notarainni - General Manager of Consumer Group Conference Call Participants Michael Turrin - Wells Fargo Securities Michael Turrin Great. Thanks very much.
Intuit Inc. (NASDAQ:INTU ) UBS Global Technology and AI Conference Call December 3, 2024 12:55 PM ET Company Participants Sandeep Aujla - Chief Financial Officer Conference Call Participants Taylor McGinnis - UBS Taylor McGinnis Hello, everyone, and welcome to UBS' Tech and AI Conference. My name is Taylor McGinnis and I head up the SMID cap application and SaaS coverage here at UBS.
Recently, Zacks.com users have been paying close attention to Intuit (INTU). This makes it worthwhile to examine what the stock has in store.
Technology companies are the growth stock darlings of the stock market, and for good reason. The "Magnificent Seven's" dominance has propelled the Nasdaq Composite to new heights this year, with the technology-heavy index up more than 28% year to date to surpass the 19,000 level.
INTU's Q1 results showcase digital strength with 20% online growth, while desktop revenues decline 17% amid the transition.
Intuit has a robust financial technology platform, including TurboTax, Credit Karma, QuickBooks, and Mailchimp, serving over 100 million customers. The company's big bets are driving them towards continued growth on leveraging AI and expanding their offerings. Financials are strong with 12% revenue growth, 79% gross margin, and 31% EBITDA margin, supported by a solid balance sheet and efficient return on capital.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining by more than 350 points on Friday.
Intuit (INTU) shares tumbled Friday after the company issued a current-quarter forecast that missed estimates, but analysts were bullish on the stock, suggesting the company's early spending on marketing could drive later growth.
Intuit Inc INTU shares tanked in early trading on Friday, even after the company reported upbeat fiscal first-quarter results.
Intuit (INTU) slid to the downside after posting weak guidance. The company's CEO shrugged off the idea that the Trump administration could create a free tax-filing app.