Latest news with #SasanGoodarzi
Business Wire
5 days ago
- Business
- Business Wire
Intuit CEO Sasan Goodarzi to Present at the Nasdaq Investor Conference in Partnership with Jefferies
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced today that Sasan Goodarzi, chief executive officer, will present at the Nasdaq Investor Conference in Partnership with Jefferies on Tuesday, June 10, 2025 in London. The fireside chat will begin at 5:00 a.m. Pacific Time (1:00 p.m. Greenwich Time) and will be available live via audio webcast on Intuit's investor relations website at A replay of the webcast will be available approximately 24 hours after the presentation ends. About Intuit Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at and find us on social for the latest information about Intuit and our products and services.
Yahoo
28-05-2025
- Business
- Yahoo
Intuit leans into AI to improve taxpayer experience, boost revenue
This story was originally published on CX Dive. To receive daily news and insights, subscribe to our free daily CX Dive newsletter. Intuit's AI-driven expert platform strategy is delivering an improved customer experience and drove 15% year-over-year revenue growth across the business, executives said during a Q3 2025 earnings call last week. AI was particularly impactful for customers using TurboTax this filing season, CEO Sasan Goodarzi said. The software directs customers to the right product to file taxes and reduces the time spent filing. 'With our investment in data, AI and AI-enabled human expertise, we are disrupting the assisted category with experiences that are resonating with customers across both consumer and business tax,' Goodarzi said. 'The exceptional results are fueled by strong execution of our strategy to win as an AI-driven expert platform by delivering the best experience, speed to money, and the best price for customers.' Intuit, the parent company to TurboTax, Credit Karma, QuickBooks and Mailchimp, has gone all in on AI to improve customer experience and boost revenue. Intuit reported total revenue of $7.8 billion in third quarter 2025, according to an earnings report. The strong results led the software company to raise its guidance, including revenue, operating income and operating margin. Intuit expects consumer group revenue to grow 11% year over year to $4 billion for the full fiscal year, to be driven by TurboTax Live revenue. 'The strength across the company is driven by our global AI-driven expert platform strategy, powering prosperity for consumers, small and mid-market businesses, and accountants,' Goodarzi said. 'We're fueling the financial success of approximately 100 million customers by automating everyday tasks, managing complex workflows and processes, and solving challenges before they arise with predictive insights, and taking actions.' Intuit uses AI agents as well as AI-assisted human agents. TurboTax's AI-powered, mobile-first 'done-for-you' tax product drove a 12% reduction in the average time a customer spent filing. AI also helped human tax experts. For TurboTax's full-service offering, experts spent about 20% less time preparing a return, according to Goodarzi. 'Our data and AI platform capabilities had a profound impact on the productivity of our experts,' Goodarzi said. 'By doing a lot of the work for them and helping them finish returns quickly and accurately, they spent more time engaging and onboarding customers.' Intuit is planning on rolling out a broader set of end-to-end AI agents, including a customer AI agent, a payment AI agent, a project management AI agent, and an accounting AI agent, Goodarzi said. These agents can also talk to each other to solve customers' problems. 'Our goal is to solve challenges before they arise with predictive insights, take smart action on our customers' behalf, and seamlessly connect them to AI-enabled human experts when needed with customers always in control,' Goodarzi said. Goodarzi is confident that Intuit can further disrupt the $35 billion assisted tax category. One competitor that had been ready to disrupt the field was the federal government. In 2024, the IRS came out with its own free tax filing software, Direct File, which earned high customer satisfaction marks. That program is now on the chopping block should the $3.8 trillion Republican tax bill that just passed the House become law. Intuit and H&R Block, which has its own tax-filing software, have long lobbied against the IRS providing free software directly to taxpayers, ProPublica found. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Should You Forget Palantir? This Wide-Moat AI Stock Is a Better Buy
Palantir continues to put up strong numbers, but its valuation is at nosebleed levels. Intuit is capitalizing on AI thanks to products like TurboTax and Quickbooks. The stock's valuation looks high, but its growth prospects are strong. 10 stocks we like better than Intuit › Palantir Technologies (NASDAQ: PLTR) stock has captivated investors, and it's easy to see why. The software stock has emerged as one of the biggest winners of the artificial intelligence (AI) era, thanks in large part to its AI platform (AIP), which combines the power of large language models (LLMs) with its deep data analytics platforms like Gotham and Foundry. Demand for Palantir's services has soared in the AI era, and its revenue growth has now accelerated for seven quarters in a row, coming in at 39% in the first quarter. At the same time, profits have surged as its operating margin has ramped up. In the first quarter, its operating income jumped 118% to $176 million. There's been no shortage of hype around Palantir as well, and that includes CEO Alex Karp, who's prone to using grandiose language to describe the company. In its recent earnings report, he said, "This is a level of surging and ferocious growth that would be spectacular for a company a tenth of our size. At this scale, however, our ascent is, we believe, unparalleled." Investors have bought into that hype as well, sending the stock up over 900% over the past two years. In fact, Palantir is now the most valuable pure-play software company at a market capitalization of $291 billion, which is ahead of Salesforce -- another software powerhouse -- at $262 billion. Along with that growth, Palantir's valuation has also soared into the stratosphere as it now trades at a price-to-sales ratio of 98, a valuation that would be considered expensive even if it was a quarter of that level. For investors impressed with Palantir's prowess in AI but looking for a more affordable alternative, there's one attractive software stock that just popped on its earnings report: Intuit (NASDAQ: INTU), the maker of TurboTax and Quickbooks. Because of its software geared toward consumers and small businesses, Intuit has one of the best use cases of AI, as it can leverage that technology to make tax preparation and accounting and bookkeeping easier. The company did just that in its recently reported fiscal third quarter, which is its biggest quarter of the year as it comes during tax season. CEO Sasan Goodarzi said in the report, "We're redefining what's possible with AI by becoming a one-stop shop of AI-agents and AI-enabled human experts to fuel the success of consumers and small and mid-market businesses." AI helped drive a number of product improvements in Turbotax with "data-in," or automated data imports covering 90% of customers' most common tax documents, up from 68% last year. AI also assisted Turbotax's human experts, and the time to complete returns was significantly reduced. In Quickbooks, the company is planning to introduce several end-to-end AI agents, including customer, payments, finance, project management, and accounting agents. AI is also helping drive the company's strong growth, even in a time of macroeconomic uncertainty, and management said that it believes it can continue to expand its already wide operating margin. In its fiscal third quarter, revenue rose 15% to $7.8 billion, which drove adjusted earnings per share up 18% to $11.65. For the full fiscal year, it raised its guidance on the top and bottom lines, calling for 15% revenue growth and 18% to 19% adjusted EPS growth to $20.07 to $20.12. Based on that forecast, the stock trades at a price-to-earnings ratio of just 36, which is about 60% lower than Palantir's price-to-sales ratio and only a modest premium to the S&P 500. Intuit has two sticky software products, TurboTax and Quickbooks, that keep customers in the ecosystem and can easily benefit from AI advances. Additionally, Credit Karma is taking off, with revenue up 31% in the third quarter, and management raised full-year revenue growth guidance from 5% to 8% to 28%, showing a dramatic acceleration in the business. The company reported an operating margin of 48% in the third quarter, and future growth should continue to be high margin as the subscription software model benefits from having near-zero marginal costs. Intuit stock hit an all-time high on Friday, but the stock looks poised to hit new heights in the future as it makes AI a bigger part of its arsenal. Before you buy stock in Intuit, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Intuit wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intuit, Palantir Technologies, and Salesforce. The Motley Fool has a disclosure policy. Should You Forget Palantir? This Wide-Moat AI Stock Is a Better Buy was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
24-05-2025
- Business
- Globe and Mail
Buy the Spike in Intuit (INTU) Stock After Earnings?
Spiking +8% today, Intuit INTU stock made headlines after comfortably exceeding expectations for its fiscal third quarter after-market hours on Thursday. Sitting on gains of +15% year to date, Intuit stock has outperformed the broader market and many of its notable Zacks Computer-Software peers, including Microsoft MSFT and Salesforce CRM. Not too far from its 52-week high of $734 a share, investors are surely wondering if there is more upside in store for the financial software giant's stock, with generative AI starting to enhance Intuit's accounting and tax preparation services. Intuit's Q3 Results Thanks to its AI-driven solutions, Intuit's Q3 sales of $7.75 billion eclipsed estimates of $7.54 billion and spiked from $6.73 billion a year ago. CEO Sasan Goodarzi stated Intuit is becoming a one-stop shop for AI agents and AI-enabled human experts. Notably, Intuit Assist offers a generative AI-powered financial assistant that helps users with tax filing, business insights, and financial decision-making. On the bottom line, Intuit's Q3 EPS of $11.65 rose 18% from $9.88 in the comparative quarter and topped expectations of $10.89 per share by nearly 7%. More intriguing, Intuit has now surpassed the Zacks EPS Consensus for 13 consecutive quarters with an average earnings surprise of 12.15% in its last four quarterly reports. Intuit's Revenue Guidance Serving as a further catalyst to Friday's rally was that Intuit raised its full-year revenue guidance and now expects fiscal 2025 sales to be between $18.72 billion-18.76 billion, up from previous estimates of $18.16 billion-$18.35 billion. This came in above Zacks' estimates of $18.28 billion or 12% growth (Current Year below). Zacks' projections currently call for Intuit's total sales to increase another 12% in FY26 to $20.48 billion. Image Source: Zacks Investment Research Monitoring Intuit's P/E Valuation Following its post-earnings rally, Intuit stock is trading at a 34.5X forward earnings multiple, which is on par with Microsoft but a premium to its industry average of 27.3X, with Salesforce at 25.5X. However, INTU does trade well below its decade-long high of 87.2X forward earnings and offers a 23% discount to its median of 44.9X during this period. Bottom Line For now, Intuit stock lands a Zacks Rank #3 (Hold) following its favorable Q3 report. That said, it wouldn't be surprising if a buy rating is on the way as earnings estimate revisions could trend higher in the coming weeks, considering Intuit's elevated revenue guidance. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.0% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intuit Inc. (INTU): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Salesforce Inc. (CRM): Free Stock Analysis Report
Yahoo
23-05-2025
- Business
- Yahoo
Why Intuit Stock Was Moving Higher Today
Intuit topped estimates on the top and bottom lines in its fiscal third-quarter earnings report. The company is leveraging the power of AI to drive growth in the business. It raised its full-year guidance and expects revenue growth to accelerate in the fourth quarter. 10 stocks we like better than Intuit › Shares of Intuit (NASDAQ: INTU), the parent of TurboTax, QuickBooks, Credit Karma, and Mailchimp, were moving higher today after the financial technology company reported better-than-expected results in its fiscal third-quarter earnings report. As of 10:42 a.m. ET, the stock was up 9.1% on the news. In an uncertain macro environment, Intuit delivered strong results, with overall revenue up 15% to $7.75 billion, which beat expectations at $7.56 billion. Its consumer group, primarily made up of TurboTax, posted revenue growth of 11% to $4 billion, with TurboTax Live revenue up 47% to $2 billion, showing increasing demand for its live assistance product. In global business solutions, which is mostly QuickBooks, revenue rose 19% to $2.8 billion, and Credit Karma revenue jumped 31% to $579 million. On the bottom line, adjusted operating income jumped 17% to $4.34 billion, and adjusted EPS was up 18% to $11.65, which beat the consensus at $10.91. CEO Sasan Goodarzi said, "We're redefining what's possible with AI by becoming a one-stop shop of AI agents and AI-enabled human experts to fuel the success of consumers and small- and mid-market businesses." For the fiscal fourth quarter, the company expects growth to accelerate, calling for revenue to increase 17%-18% to $3.723-$3.76 billion, well ahead of estimates at $3.5 billion. On the bottom line, it sees adjusted EPS of $2.63-$2.68, ahead of the consensus at $2.60 and up from $1.99 in the quarter a year ago. Management also raised its full-year guidance. With popular products like TurboTax and QuickBooks, Intuit is arguably positioned as well as any other software company to leverage the power of AI by making its software easier to use, more useful, and more efficient, and it seems to be doing that. The stock trades at a premium, but it's clear why after the latest report. Even in an uncertain environment, Intuit's growth is accelerating. It's not a surprise to see the stock pop on today's news. Before you buy stock in Intuit, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Intuit wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $640,662!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $814,127!* Now, it's worth noting Stock Advisor's total average return is 963% — a market-crushing outperformance compared to 168% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intuit. The Motley Fool has a disclosure policy. Why Intuit Stock Was Moving Higher Today was originally published by The Motley Fool
