Nov. 20, 2014, 4:05 PM
Nov. 19, 2014, 5:35 PM
Aug. 21, 2014, 6:48 PM
- Thanks partly to an accounting policy change that will result in PC product revenue being recognized over time rather than entirely up-front, Intuit (NASDAQ:INTU) expects FY15 (ends July '15) revenue of $4.275B-$4.375B and EPS of $2.45-$2.50, well below a consensus of $4.85B and $3.97.
- Adjusted revenue, which takes the policy change into account, is expected to be in a range of $4.75B-$4.85B.
- Small business revenue +12% Y/Y in FQ4, with QuickBooks Online subs growing 40% Y/Y to 683K (60K added in the quarter). Consumer tax revenue +22%; ProTax +16%.
- Costs/expenses +13% Y/Y to $787M. $152.5M was spent on buybacks.
- FY17 targets: Revenue of $5.8B, EPS of $5, and 2M QuickBooks Online subs.
- FQ4 results, PR
Aug. 21, 2014, 4:11 PM
Aug. 20, 2014, 5:35 PM
May. 20, 2014, 4:48 PM
- Intuit (INTU) expects FQ4 revenue of $683M-$713M and EPS of $0.06-$0.08, largely below a consensus of $712.2M and $0.12.
- The company met revenue estimates for seasonally huge FQ3 (set to account for over half of FY14 revenue) on the back of a 14% Y/Y increase in TurboTax Online units for tax season, and a 60K Q/Q increase in QuickBooks Online subs to 624K (+36% Y/Y).
- Total product revenue rose 15% Y/Y to $735M, and service/other revenue 14% to $1.65B. Small business revenue +8%, consumer +13%, professional tax +32%.
- Costs/expenses grew 11% to $894M, with sales/marketing spend rising 7% to $412M.
- FQ3 results, PR
May. 20, 2014, 4:03 PM
May. 19, 2014, 5:35 PM
Feb. 20, 2014, 4:02 PM
Feb. 20, 2014, 12:10 AM| 2 Comments
Feb. 19, 2014, 5:35 PM| Comment!
Feb. 11, 2014, 4:13 PM
- Intuit (INTU) claims $120M in revenue that was expected in FQ2 (its Jan. quarter) was pushed out to FQ3 as a result of the IRS' decision to hold off on accepting tax returns on Jan. 31, and the delayed processing of tax returns by state governments. (PR)
- As a result, the company now expects FQ2 revenue of $775M-$780M and EPS of $0.01-$0.02, below a consensus of $900.6M and $0.26. However, it's maintaining FY14 (ends in July) guidance for 6%-8% revenue growth and 10%-13% EPS growth. The consensus is for 7.8% revenue growth and 11.9% EPS growth.
- FQ2 results will arrive on Feb. 20, along with the first of two seasonal updates for consumer tax product/service sales.
Nov. 21, 2013, 4:24 PM
Nov. 21, 2013, 12:10 AM
Nov. 20, 2013, 5:35 PM
Sep. 24, 2013, 1:55 PM
- Intuit (INTU -0.3%) has given its QuickBooks Online accounting software platform (aimed at both SMBs and accountants) a big refresh. The update, which was influenced by the design of Intuit's Mint.com personal finance platform, delivers a simpler, less cluttered UI, integrates Intuit's Payroll and Payments tools, and (in an effort to create an ecosystem) allows developers to create apps/services that connect to QuickBooks. (PR)
- Intuit charges $125/year for QuickBooks Online, and has nearly 500K subs. The platform is facing growing competition from startups such as WorkingPoint and Kashoo.
- Along with the refresh, Intuit is announcing a Quickbooks integration deal with Square, whose mobile card readers now processing transactions at a $15B/year run rate. The tie-up comes even though Intuit's GoPayment platform competes with Square.
- Intuit is also reaffirming its FQ1 and FY14 revenue and EPS guidance. The reiterating comes a couple months after the company announced a deal unload its financial services unit to Thoma Bravo for $1.025B, and stated it would focus on consumer tax and small business products going forward.
INTU vs. ETF Alternatives
Intuit Inc creates business and financial management solutions that help simplify the business of life for small businesses, consumers, and accounting professionals. The Company operates in three segments; Small Business, Consumer, and Professional Tax.
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