Welcome to our dedicated page for Intuit news (Ticker: INTU), a resource for investors and traders seeking the latest updates and insights on Intuit stock.
Intuit Inc. reports company developments across its global financial technology platform, including TurboTax, Credit Karma, QuickBooks, Mailchimp and Intuit Enterprise Suite. News commonly covers tax preparation, consumer finance, small-business accounting, payroll, human capital management, marketing, and cloud-based ERP products for small and mid-market businesses.
Recurring updates include quarterly results by business area, AI-enabled product releases, instant-payment capabilities, partner and reseller relationships, conference appearances, dividends, share repurchases, and governance changes. Intuit’s announcements also describe how its platform connects tax, credit, banking, invoicing, payroll, accounting and marketing data across consumer and business workflows.
Credit Karma has expanded its Money Spend checking account availability, integrating with TurboTax. This allows users who file taxes through TurboTax to have their tax refunds deposited directly into their Credit Karma Money Spend accounts. The integration aims to help consumers manage their finances better by avoiding fees and enhancing cash flow with features like early access to funds. Since launching in beta, users with Credit Karma Money Spend accounts are highly engaged, returning two to three times more than those without.
Intuit Inc. (Nasdaq: INTU) reported lower-than-expected revenue and operating income for its second fiscal quarter due to the IRS delaying the tax season start. The company anticipates revenue of $1.570 billion to $1.575 billion, down from $1.935 billion to $1.965 billion, and a GAAP operating loss of $30 million to $25 million, a drop from GAAP operating income of $171 million to $191 million. Despite this, Intuit maintains its full-year guidance, expecting revenue of $8.810 billion to $8.995 billion, with a projected growth of approximately 15 to 17 percent.
Intuit Inc. (Nasdaq: INTU) has announced the launch of targeted marketing initiatives through TurboTax to empower the Latino community during tax season. The campaign features resources for tax filing and financial education, leveraging partnerships with media and organizations. New offerings include bilingual tax expert services and in-language tools. Advertisements will air on major networks, supported by programs like #LeadingConEducación to assist Latino students. TurboTax aims to address the unique financial challenges faced by Latinos, enhancing their tax preparation experience.
Intuit Inc. (Nasdaq:INTU) has partnered with Octopus Energy, the UK’s largest renewable energy provider, to help employees and QuickBooks Online customers transition to renewable energy as part of its 2030 climate positive goal. This initiative aims to reduce greenhouse gas emissions significantly, with a commitment to cut emissions by 50 times its 2018 output by 2030. If 1% of UK QBO customers switch to renewable energy, it will save 30,000 metric tonnes of carbon annually. Employees can earn energy credits, contributing to a more sustainable future.
Intuit Inc. (NASDAQ: INTU) announces the launch of an automated second Paycheck Protection Program (PPP) loan application process through QuickBooks Capital, aimed at assisting eligible small businesses amid the ongoing pandemic. The $900 billion relief package includes $284.45 billion designated for PPP funding, which allows small businesses to apply for loans up to $150,000. QuickBooks customers can leverage existing business data to expedite applications, partnered with SBA-approved lender Cross River Bank. This initiative underscores QuickBooks' commitment to aiding small businesses and supporting job retention.
Intuit Inc. (Nasdaq: INTU) will announce its Q2 fiscal 2021 results on February 23, after market close. The quarter ends January 31. A conference call will be held at 1:30 p.m. PT to discuss the results, accessible at 866-417-5279 in the U.S. or 409-937-8904 internationally. The call can also be streamed live on Intuit’s investor website. A replay will be available for one week post-call. Intuit aims to enhance financial well-being through products like TurboTax, QuickBooks, and Mint, serving over 50 million customers globally.
Intuit (Nasdaq: INTU) has updated its Intuit Aid Assist (IAA) platform to assist small business owners in assessing their eligibility for federal relief and tax credits under the Coronavirus Response Act. IAA features an interactive PPP estimator tool and a tax credit estimator, helping users navigate financial support options. Additionally, QuickBooks customers can apply for a second PPP loan through QuickBooks Capital, leveraging existing business data. This initiative aims to support small businesses during economic challenges.
Intuit (Nasdaq: INTU) is set to host its virtual annual stockholder meeting on January 21 at 9 a.m. PT. CEO Sasan Goodarzi will present the fiscal year 2020 results and outline the company's growth strategy. The meeting will be accessible via a live webcast on Intuit's website, with a replay available about 24 hours later. Intuit aims to empower consumers and small businesses through its suite of financial products like TurboTax, QuickBooks, and Mint, serving over 50 million customers globally.
Intuit (Nasdaq: INTU) has launched an updated Mint app to improve financial management for users. Key features include subscription monitoring, enhanced visualization of net worth, and personalized Mintsights for tailored financial advice. The redesign focuses on usability, allowing for bulk editing of transactions, income tracking, and easier access to important financial information. The app aims to empower users to manage their finances effectively, making it available to millions through the iOS platform.
Sasan Goodarzi, CEO of Intuit, will present at the Goldman Sachs Technology and Internet Virtual Conference on January 12. The presentation starts at 11:00 a.m. Pacific time (2:00 p.m. Eastern time) and will be available live via audio webcast on Intuit’s investor relations site. A replay will be available approximately 24 hours post-presentation.
Intuit aims to power prosperity globally with its financial products like TurboTax, QuickBooks, and Mint. The company serves over 50 million customers worldwide.