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Intuit Inc. (INTU)

  • Jun. 27, 2012, 4:30 PM
    The majority of Intuit's (INTU) 2012 revenue will come from mobile products, says CEO Brad Smith in an interview. However, only $70M (less than 2%) of Intuit's FY12 revenue is expected to be mobile-related. The tax software giant is counting on its GoPayment credit-card processing platform to drive mobile growth, as well as the mobile shopping solution obtained from its acquisition of AisleBuyer. Inuit is also thinking of releasing an iPad version of QuickBooks.
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  • May. 17, 2012, 5:59 PM
    More on Intuit (INTU): FQ3 come in mixed, beating on its EPS but missing on revenue. Net profit rose 6.7% as the company's tax-preparation business posted better revenue during its most critical quarter. The company narrows its FY12 guidance, now expecting $2.92 - $2.97 per share on revenue of $4.2B. Its previous view was for an EPS of $2.90 - $2.97 on revenue between $4.19B - $4.29B. Shares -0.8% AH.
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  • May. 17, 2012, 4:04 PM
    Intuit (INTU): FQ3 EPS of $2.51 beats by $0.03. Revenue of $1.95B (+5% Y/Y) misses by $10M. Shares +0.6% AH. (PR)
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  • May. 17, 2012, 12:10 AM
    Notable earnings after Thursday's close: ADSK, AMAT, ARO, ARUN, BRCD, CRM, GPS, INTU, MRVL, YOKU
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  • May. 16, 2012, 5:35 PM
    Notable earnings after Thursday's close: ADSK, AMAT, ARO, ARUN, BRCD, CRM, GPS, INTU, MRVL, YOKU
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  • Apr. 27, 2012, 11:57 AM
    Intuit (INTU +0.4%) is acquiring Demandforce, a developer of cloud marketing software for SMBs, for $423.5M in cash. The deal might be the strongest example yet of Intuit's efforts to diversify beyond tax software - the company has already made a strong push into mobile shopping and payments. However, the cloud marketing space is getting crowded - CRM, CTCT, BV, and ORCL are also key players.
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  • Apr. 20, 2012, 9:43 AM
    Intuit (INTU -5%) sells off after reporting TurboTax Federal unit sales rose just 6% Y/Y during tax season, with an 11% increase for the Online version offset by declines of 3% and 6%, respectively, for the Desktop and Free File versions. As a result, Intuit expects FQ3 revenue to be at or slightly below the low end of its prior guidance range. FY12 revenue and EPS guidance is being reaffirmed. (previous)
  • Apr. 12, 2012, 2:25 PM
    Intuit (INTU) has acquired AisleBuyer, developer of a mobile shopping and self-checkout solution that relies on smartphone apps. Intuit plans to integrate AisleBuyer's solution with its GoPayment credit-card processing platform, which competes with Square and PayPal.
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  • Apr. 10, 2012, 12:14 PM
    J.P. Morgan's 15 companies it views as potentially the next Apple, sporting "secular growth opportunities, a strong market position and attractive valuation": NTAP, AMZN, LNKD, DIS, CMCSA, TRMB, QCOM, ACN, BRCM, VMW, TIBX, QLIK, ANSS, INTU, CREE.
  • Apr. 2, 2012, 3:13 PM
    Intuit (INTU +1.1%) plans to take advantage of the upcoming election season with a mobile app geared toward collecting campaign donations. The company's GoPayment app is available for Apple and Android devices and uses a card reader similar to Square's revolutionary device that is already a favorite of the Obama and Romney campaigns.
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  • Mar. 21, 2012, 6:53 PM
    Intuit (INTU) -1.9% AH after announcing TurboTax unit sales rose 8% Y/Y from the start of tax season to March 17. 14% growth in TurboTax Web sales was partly offset by a 3% drop for TurboTax Desktop, and a 7% drop for TurboTax Free File. Intuit is also reiterating its full-year revenue guidance.  The report comes as rival H&R Block (HRB) boasts it's gaining share in the digital tax filing market.
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  • Mar. 5, 2012, 11:26 AM
    Bottomline Technologies  (EPAY -1%) plans to partner with Intuit (INTU -0.9%) and acquire the commercial banking business from its financial services segment for $20M The firms plan to work together with cross promotions and joint sales efforts aimed at financial institutions.
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  • Feb. 23, 2012, 6:29 PM
    Up yesterday thanks to an earnings beat and guidance hike, Intuit (INTU -3.7%) reversed course in trading today, as investors took profits on a stock that was up 50% since August. Likely playing a role was Stifel's decision to initiate coverage with a Hold. Though liking Intuit itself, the firm believes there's no catalyst that can boost Intuit's growth to a level that would justify a higher valuation.
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  • Feb. 21, 2012, 6:30 PM
    More on Intuit (INTU): FQ2 EPS beats expectations on a 62% jump in net profit. Overall revenue rose 16% Y/Y on better than expected sales from its TurboTax and QuickBooks tax preparation businesses. The company also raises its FY12 EPS guidance to between $2.90 - $2.97 per share. Shares +3.3% AH.
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  • Feb. 21, 2012, 4:17 PM
    Intuit (INTU): FQ2 EPS of $0.51 beats by $0.06. Revenue of $1.02B (+16% Y/Y) in-line. Sets FY12 revenue guidance of $4.185B-$4.285B. Shares +2.6% AH. (PR)
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  • Feb. 21, 2012, 12:10 AM
    Notable earnings after Tuesday's close: BRCD, CHK, CHSI, CYH, DELL, EXR, FST, HLF, INTU, ITC, KFT, NBR, NFX, POST, PSB, RRC, SHO
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Company Description
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.
Sector: Technology
Country: United States