Intuit Inc. (INTU) Jefferies Public Technology Conference (Transcript)

Intuit Inc. (NASDAQ:INTU) Jefferies Public Technology Conference May 28, 2025 11:30 AM ET

Company Participants

Sandeep Aujla - CFO

Conference Call Participants

Brent Thill - Jefferies

Brent Thill

Good morning, everyone. It's Brent Thill with Jefferies. We're here with Sandeep from Intuit. Kim Watkins in the front row. Kim raise your hand. Thank you so much for coming to Newport and being part of the conference.

Sandeep Aujla

Thank you for having us.

Brent Thill

Yes, it's great to have you. And maybe we start from last week. That was a wild quarter for many. The expectations as everyone kind of worries going into the end of the fourth quarter of the tax season. But as Brad Smith told me once, everyone freaks out, and we're Tom Brady, and we throw the ball to the right person at the end and wins. So you guys pulled it off. It was a great quarter. So maybe we'll just start there, your thoughts of what you saw, what surprised you, what maybe didn't surprise you, give us just a quick debrief of how that went.

Sandeep Aujla

Sure. Great quarter indeed. And I would say excellent momentum across the business would be the bigger takeaway from the trends you're seeing in the company. And for the quarter, I think it's the biggest tax quarter given the seasonality in that business. And it wasn't a surprise because we've been at it, and it's one of those things such as Sasan likes to use the analogy of bamboo tree. It takes years to spread out its roots and then grows real quickly once it takes hold.

And similarly, when you're trying to disrupt a new market, particularly in this case, the $35 billion assisted tax market, you have learnings and pivots along on that journey. And we've been very transparent