Intuit’s Shocking 15% Revenue Surge: Is AI Their Secret Weapon?

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Intuit’s Stock SKYROCKETS After BOMBSHELL Third-Quarter Earnings!

Unbelievable Surge! Intuit Inc. (NASDAQ) is taking Wall Street by storm today with jaw-dropping Q3 results that left analysts gasping! The powerhouse behind TurboTax and QuickBooks reported a staggering 15% revenue jump, utterly obliterating expectations! This fintech Titan isn’t just riding the AI wave; itโ€™s perfectly positioned to dominate the future!

CEO Calls it โ€œExceptionalโ€ โ€“ Is This the Start of a New Era?

Sasan Goodarzi, the fearless leader of Intuit, boldly proclaimed this quarter a triumph like no other, with revenue soaring to a colossal $7.75 billion, a leap from last yearโ€™s mere $6.74 billion! Analysts were on the edge of their seats, expecting only $7.57 billion. The surprises didnโ€™t stop there โ€“ Non-GAAP earnings per share of $11.65 beat estimates by a jaw-dropping $0.72! Talk about knocking it out of the park!

TurboTax Live: Your Tax Prep Just Got a HI-tech Makeover!

The consumer product line, featuring TurboTax, raked in an impressive $4.0 billion, a 11% jump from last year. But itโ€™s TurboTax Live stealing the show with an EXPLOSIVE revenue growth projected at 47% for the year! Thanks to the power of AI, customers are zipping through tax returns in record timeโ€”over half are done in under an hour! Thatโ€™s right, folks, itโ€™s never been easier to get your taxes done!

QuickBooks Beats All Expectations โ€“ The Small Biz Marvel!

Intuitโ€™s Global Business Solutions Group flexed its muscles too, boasting a 19% revenue growth totaling $2.8 billion! QuickBooks Online Accounting is CRUSHING IT with a 21% rise, and online payment volume is UP by 18%. Small business owners must be dancing in the streets!

Credit Karmaโ€™s Epic Comeback โ€“ Can You Believe THIS?

In perhaps the most jaw-dropping news of all, Credit Karma made a sensational comeback with a whopping 31% revenue growth hitting $579 million! This turnaround has management HASTILY upped their revenue growth guidance from a cautious 5-8% to a whopping 28%!

Intuitive AI โ€“ The Golden Ticket to Future Success!

Trading at an eye-popping $721.00 in premarket, Intuitโ€™s shares skyrocketed by 8.25%โ€”thatโ€™s a colossal demand surge for a company valued at around $186 billion! With investors jumping on board like itโ€™s Black Friday, who wouldnโ€™t want in on this megatrend?

Year-to-Date Gains Rocketing High!

The meteoric rise marks a stunning 14% gain this year, leaving the S&P 500โ€™s decline of 0.67% in the dust! Over the past three years, Intuit has delivered INSANE returns of 84.80% against the S&P’s measly 49.74%. The digital transformation is REAL, folks!

Full-Year Guidanceโ€”Are You Ready for This?

Management is brimming with confidence as they’ve significantly raised full-year guidance! Expect 15% revenue growth versus the former prediction of 12-13%, plus adjusted earnings per share predicted to hit $20.07โ€“$20.12! And for Q4 2025? Management is hyping up revenue projections of $3.72โ€“$3.76 billionโ€”far surpassing the $3.54 billion that analysts expected!

AI Is Here to Stayโ€”Will You Get on Board?

Goodarzi revealed plans to unleash a "refreshed end-to-end platform" jam-packed with AI agents working side-by-side with customers. New product lineups are coming soon, promising to open up additional revenue streams! With over 90% of revenue subscription-based, Intuit is set to clean up!

The Verdict? Intuit is not just surviving; itโ€™s THRIVING! Buckle up, because this company is gearing up for takeoff like never before!

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Source: USD @ Fri, 11 Jul.