Intuit Inc. (NASDAQ:INTU) Nasdaq 51st Investor Conference December 10, 2024 8:00 AM ET
Company Participants
Sasan Goodarzi - CEO
Conference Call Participants
Keith Weiss - Morgan Stanley
Keith Weiss
Excellent. Thank you, everyone, for joining us. My name is Keith Weiss. I run the U.S. software equity research franchise here at Morgan Stanley. And really pleased to have from Intuit’s CEO, Sasan Goodarzi. Thank you for joining us.
Sasan Goodarzi
Thank you for having us.
Keith Weiss
You've been very kind in joining us. So, a lot to talk about. A lot of big initiatives going on at Intuit, whether it's the move up market with enterprise, whether it's going into full assist with tax, whether it's the assisted products within online services, but you threw a curveball at me yesterday, you guys announced a new platform relationship with Amazon.
And if I'm reading this correctly, we're going to be integrating the functionality of Intuit straight into the Amazon platform, make those services available to their merchants to their sellers, which would be a massive expansion of your opportunity. So, can you talk to us about what you guys announced yesterday? And what it can mean for Intuit on a go-forward basis?
Sasan Goodarzi
Yes. Well, first of all, we're very excited about the announcement. It's been in the works for quite some time. And as all of you may or may not know, 60% of the products that are sold on Amazon are by the sellers on the platform. And the sellers can see their sales but what they can't see is their profitability, their cash flow, inventory and then opportunities to go beyond that and market on the Amazon platform.
And so really, the essence of the partnership is really about data and AI. And we are integrating our data
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