The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
© 2025 TheOutpost.AI All rights reserved
Curated by THEOUTPOST
On Fri, 23 Aug, 3:05 AM UTC
3 Sources
[1]
Intuit forecasts annual revenue above estimates on AI-driven financial tools
Earlier this month, Intuit implemented price increases for QuickBooks, introducing new features to entice customers. "Our momentum both in the first quarter and going into next year is coming from our customer growth both with QuickBooks Online and QuickBooks Advanced," Chief Executive Sasan Goodarzi told Reuters in an interview on Thursday. "We are adding almost 1,000 folks that are going to be focused in several areas that are particularly around AI," Goodarzi said. This AI-focused hiring comes on the heels of a significant workforce restructuring. In July, Intuit announced plans to lay off 10% of its workforce, or about 1,800 employees. Intuit forecast fiscal 2025 revenue to be between $18.16 billion and $18.35 billion, the mid-point of which is slightly above analysts' average estimate of $18.18 billion, according to LSEG data. The company expects annual adjusted profit per share to be between $19.16 and $19.36, compared with average estimate of $19.15. The company also forecast first-quarter revenue growth to be between 5% and 6%, below the average estimate of 13.1% growth, as QuickBooks desktop products transitioned to a recurring subscription model. Intuit expects these changes to lower revenue in the first quarter by about $160 million. Revenue for the fourth quarter came in at $3.18 billion, beating an estimate of $3.08 billion. Excluding items, it earned $1.99 per share, compared with an estimated $1.84 per share. (Reporting by Jaspreet Singh in Bengaluru; Editing by Tasim Zahid)
[2]
Intuit forecasts annual revenue above estimates on AI-driven financial tools
Intuit forecast fiscal 2025 revenue above Wall Street estimates on Thursday, banking on growing demand for its AI-driven financial management tools amid recent price increases. Intuit, known for products like TurboTax, Credit Karma, and QuickBooks, has benefited from growing demand for its AI-powered offerings, which provide personalized financial recommendations and automation of specific tasks such as bookkeeping. Shares of the Mountain View, California-based company initially gained more than 2% in extended trading, but later reversed course as investors digested a forecast for first-quarter revenue growth that came in below market expectations. Earlier this month, Intuit implemented price increases for QuickBooks, introducing new features to entice customers. "Our momentum both in the first quarter and going into next year is coming from our customer growth both with QuickBooks Online and QuickBooks Advanced," Chief Executive Sasan Goodarzi told Reuters in an interview. "We are adding almost 1,000 folks that are going to be focused in several areas that are particularly around AI," Goodarzi said. This AI-focused hiring comes on the heels of a significant workforce restructuring. In July, Intuit announced plans to lay off 10% of its workforce, or about 1,800 employees. Intuit forecast fiscal 2025 revenue to be between $18.16 billion and $18.35 billion, the mid-point of which is slightly above analysts' average estimate of $18.18 billion, according to LSEG data. The company, which also announced a new $3 billion share repurchase authorization, expects annual adjusted profit per share to be between $19.16 and $19.36, versus estimates of $19.15. It expects first-quarter revenue growth to be between 5% and 6%, below expectations of 13.1% growth, as it transitioned QuickBooks desktop products to a recurring subscription model. Intuit expects these changes to lower revenue in the first quarter by about $160 million. Revenue for the fourth quarter came in at $3.18 billion, beating an estimate of $3.08 billion. Excluding items, it earned $1.99 per share, compared with an estimated $1.84 per share.
[3]
Intuit Forecasts Annual Revenue Above Estimates on AI-Driven Financial Tools
(Reuters) - Intuit forecast fiscal 2025 revenue above Wall Street estimates on Thursday, banking on growing demand for its AI-driven financial management tools amid recent price increases. Shares of the Mountain View, California-based company rose about 2% in extended trading as it also announced a new $3 billion repurchase authorization. Intuit, known for products like TurboTax, Credit Karma, and QuickBooks, has benefited from growing demand for its AI-powered offerings, which provide personalized financial recommendations and automation of specific tasks such as bookkeeping. Earlier this month, Intuit implemented price increases for QuickBooks, introducing new features to entice customers. "Our momentum both in the first quarter and going into next year is coming from our customer growth both with QuickBooks Online and QuickBooks Advanced," Chief Executive Sasan Goodarzi told Reuters in an interview on Thursday. "We are adding almost 1,000 folks that are going to be focused in several areas that are particularly around AI," Goodarzi said. This AI-focused hiring comes on the heels of a significant workforce restructuring. In July, Intuit announced plans to lay off 10% of its workforce, or about 1,800 employees. Intuit forecast fiscal 2025 revenue to be between $18.16 billion and $18.35 billion, the mid-point of which is slightly above analysts' average estimate of $18.18 billion, according to LSEG data. The company expects annual adjusted profit per share to be between $19.16 and $19.36, compared with average estimate of $19.15. The company also forecast first-quarter revenue growth to be between 5% and 6%, below the average estimate of 13.1% growth, as QuickBooks desktop products transitioned to a recurring subscription model. Intuit expects these changes to lower revenue in the first quarter by about $160 million. Revenue for the fourth quarter came in at $3.18 billion, beating an estimate of $3.08 billion. Excluding items, it earned $1.99 per share, compared with an estimated $1.84 per share. (Reporting by Jaspreet Singh in Bengaluru; Editing by Tasim Zahid)
Share
Share
Copy Link
Intuit, the financial software giant, has forecasted annual revenue above market estimates, driven by the success of its AI-integrated financial tools. The company's focus on artificial intelligence has boosted its product offerings and customer engagement.
Intuit, the company behind popular financial software products like TurboTax and QuickBooks, has announced a revenue forecast that exceeds market expectations. The company attributes this positive outlook to the successful integration of artificial intelligence (AI) into its financial tools 1.
Intuit has been leveraging AI technology to enhance its product offerings and improve user experience. The company's AI-powered assistant, called Intuit Assist, has been a key driver of this growth. Intuit Assist is designed to provide personalized financial insights and automate various tasks for small businesses and individuals 2.
For the fiscal year 2024, Intuit projects revenue between $15.89 billion and $16.105 billion, surpassing analysts' average estimate of $15.97 billion. The company's fourth-quarter results also beat expectations, with adjusted earnings per share of $1.65, compared to the estimated $1.44 3.
Intuit's AI integration has significantly enhanced its core products:
QuickBooks: The AI-powered features in QuickBooks have improved financial management for small businesses, offering more accurate forecasting and automated bookkeeping.
TurboTax: AI assistance in TurboTax has streamlined the tax filing process, providing users with more personalized guidance and potentially increasing accuracy.
Credit Karma: The acquisition of Credit Karma has allowed Intuit to expand its AI capabilities in personal finance management and credit monitoring 1.
The positive forecast has been well-received by investors, with Intuit's shares rising in extended trading. The company's commitment to AI-driven innovation is expected to continue driving growth and maintaining its competitive edge in the financial software market 2.
As Intuit continues to invest in AI technology, it aims to further enhance its products and services, potentially revolutionizing how individuals and businesses manage their finances. The company's success story serves as a testament to the transformative power of AI in the financial technology sector.
Reference
[3]
U.S. News & World Report
|Intuit Forecasts Annual Revenue Above Estimates on AI-Driven Financial Tools
Intuit, known for QuickBooks and TurboTax, unveils a new enterprise suite of financial products targeting mid-market businesses. The move aims to tap into a new customer segment and compete with established players in the enterprise software market.
3 Sources
Intuit has introduced a generative AI-powered financial assistant to QuickBooks, aiming to streamline financial tasks for small and medium-sized businesses. The company reports strong Q1 2025 results, highlighting the success of its AI-driven strategy across its platforms.
2 Sources
Intuit, the financial software giant, has announced significant enhancements to its Generative AI Operating System (GenOS), aiming to accelerate app development and improve user experience across its product suite.
2 Sources
Intuit's stock receives positive outlook from analysts at BofA and Oppenheimer, citing strong growth potential in AI integration and international expansion. The company's recent performance and strategic initiatives have sparked optimism among investors.
2 Sources
Intuit is set to transform financial management for consumers and businesses by integrating agentic AI capabilities across its platforms, including TurboTax, Credit Karma, QuickBooks, and Mailchimp. This move promises to automate complex tasks and provide personalized insights, marking a significant leap in financial technology.
4 Sources
