{"id":115892,"date":"2020-11-20T00:41:00","date_gmt":"2020-11-19T21:41:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/intuits-strong-first-quarter-profit-more-than-triples-revenue-rises-14\/"},"modified":"2020-11-20T00:41:00","modified_gmt":"2020-11-19T21:41:00","slug":"intuits-strong-first-quarter-profit-more-than-triples-revenue-rises-14","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/intuits-strong-first-quarter-profit-more-than-triples-revenue-rises-14\/","title":{"rendered":"#\n  Intuit\u2019s \u2018strong\u2019 first quarter: Profit more than triples, revenue rises 14%"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d82ae2bb30\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d82ae2bb30\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/intuits-strong-first-quarter-profit-more-than-triples-revenue-rises-14\/#Maker_of_TurboTax_and_other_financial_software_helped_by_rise_in_sales_from_its_small-business_and_consumer_groups\" >Maker of TurboTax and other financial software helped by rise in sales from its small-business and consumer groups<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/intuits-strong-first-quarter-profit-more-than-triples-revenue-rises-14\/#Intuit_maker_of_TurboTax_and_other_products_reported_first-quarter_earnings_Thursday\" >Intuit, maker of TurboTax and other products, reported first-quarter earnings Thursday.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/intuits-strong-first-quarter-profit-more-than-triples-revenue-rises-14\/#Levi_Sumagaysay\" >Levi Sumagaysay<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Intuit\u2019s \u2018strong\u2019 first quarter: Profit more than <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>les, revenue rises 14%<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Maker_of_TurboTax_and_other_financial_software_helped_by_rise_in_sales_from_its_small-business_and_consumer_groups\"><\/span>\n  Maker of TurboTax and other financial software helped by rise in sales from its small-business and consumer groups<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000074775\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.640625%;\" data-mobile-ratio=\"66.640625%\" data-layout-ratio=\"66.640625%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-254946?width=140&amp;size=1.5005861664712778 140w,\nhttps:\/\/images.mktw.net\/im-254946?width=540&amp;size=1.5005861664712778 540w,\nhttps:\/\/images.mktw.net\/im-254946?width=620&amp;size=1.5005861664712778 620w,\nhttps:\/\/images.mktw.net\/im-254946?width=700&amp;size=1.5005861664712778 700w,\nhttps:\/\/images.mktw.net\/im-254946?width=860&amp;size=1.5005861664712778 860w,\nhttps:\/\/images.mktw.net\/im-254946?width=1260&amp;size=1.5005861664712778 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-254946?width=620&amp;size=1.5005861664712778\" data-enlarge=\"https:\/\/images.mktw.net\/im-254946?width=1260&amp;size=1.5005861664712778\" alt=\"\" title=\"Intuit, maker of TurboTax and other products, reported first-quarter earnings Thursday.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Intuit_maker_of_TurboTax_and_other_products_reported_first-quarter_earnings_Thursday\"><\/span>Intuit, maker of TurboTax and other products, reported first-quarter earnings Thursday.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       Intuit Inc. said Thursday that it saw a strong start to its fiscal year, helped along by gains in revenue from both its small-business and consumer groups.<\/p>\n<p> Despite beating Wall Street expectations, Intuit<br \/>\n        INTU,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203136605\/composite\" class=\"positive\">+1.88%<\/bg-quote><br \/>\n       shares seesawed in the extended session after the maker of software for taxes, accounting and small businesses reported first-quarter revenue that rose 14% year over year.<\/p>\n<div class=\"paywall\">\n       The company more than tripled its net income year over year, to $198 million, or 75 cents a share, compared with $57 million, or 22 cents a share a year ago. Adjusted earnings were 94 cents a share, adjusted for stock-based compensation and other expenses. Revenue rose to $1.3 billion from $1.16 billion in the year-ago quarter. <\/p>\n<p>Analysts surveyed by FactSet had forecast earnings of 41 cents a share on revenue of $1.2 billion.<\/p>\n<p>The Mountain View, Calif.-based company said its small-business and self-employed group revenue climbed 13% to $1.2 billion, while its consumer group revenue grew 19% to $119 million.<\/p>\n<p>\u201cWe had a strong start to the year as we continue to accelerate innovation on our AI-driven expert platform,\u201d said Sasan Goodarzi, Intuit\u2019s chief executive.<\/p>\n<p>Intuit expects second-quarter earnings of 89 cents a share to 92 cents a share on revenue of $1.83 billion to $1.85 billion, while analysts on average had forecast $1.23 a share on revenue of $1.8 billion.<\/p>\n<p>Intuit shares alternately rose and fell about 1% after hours, after closing at $361.44 in the regular session, up 1.9%. <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Levi Sumagaysay\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Levi_Sumagaysay\"><\/span>Levi Sumagaysay<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D1241749FD55%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Intuit\u2019s \u2018strong\u2019 first quarter: Profit more than triples, revenue rises 14% &#8221; Maker of TurboTax and other financial software helped by rise in sales from its small-business and consumer groups Intuit, maker of TurboTax and other products, reported first-quarter earnings Thursday. Getty Images Intuit Inc. said Thursday that it saw a strong start to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":115893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-115892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/115892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=115892"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/115892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/115893"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=115892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=115892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=115892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}