Intuit stays the course







Photo credit © UzirePictures

(Boursier.com) — Intuit , the American firm which develops management and accounting solutions for small businesses, accountants or individuals, published for its first fiscal quarter adjusted earnings per share of $2.47, compared to a consensus of around $2 and at a level of $1.66 a year before. The group, with TurboTax and QuickBooks products, achieved quarterly revenues of $2.98 billion, beating the consensus by almost 4%. A year before, turnover stood at 2.6 billion. Operating profit quadrupled GAAP and increased 45% non-GAAP, compared to last year. The group also maintained its estimates for the 2024 fiscal year, counting on continued growth. Intuit expects revenue of $15.89 billion to $16.105 billion and operating profit of $3.615 billion to $3.72 billion. Adjusted EPS is anticipated between $16.17 and $16.47.


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