Intuit reports 12% Q3 revenue increase to $6.737bn, beating estimates and raising annual forecasts.
Intuit reported a 12% increase in Q3 revenue, beating estimates with $6.737bn, and earnings per share of $9.88, above estimates at $9.37. The financial tech company's tax-preparation software, personal finance portal Credit Karma and accounting software QuickBooks saw strong demand for managing finances. Intuit's strategy of integrating AI across its products is delivering positive results. The company has raised its annual forecasts after a robust tax season.
May 23, 2024
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