Intuit Stock Price, News & Analysis

Intuit QuickBooks and the National Hockey League (NHL) have announced a multi-year partnership, making QuickBooks the Official Small Business Accounting Software of the NHL in Canada. This agreement grants Intuit QuickBooks exclusive marketing rights and designations for national advertising and promotional initiatives aimed at connecting with Canadian entrepreneurs and the broader NHL fanbase. The partnership will leverage NHL's platform to feature QuickBooks in dynamic dasherboard advertising during NHL games and across digital platforms. This collaboration aims to engage and inspire Canadian entrepreneurs, particularly as newer, younger, and more diverse business owners emerge.

Intuit, a global financial technology platform known for products like TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced that Mark Notarainni, their EVP and GM of the consumer group, will present at the Bank of America Global Technology Conference on June 4, 2024. The presentation, available via live audio webcast, will commence at 2:00 p.m. PT (5:00 p.m. ET). A replay will be accessible approximately 24 hours later on Intuit's investor relations website.

Intuit, the financial technology platform known for TurboTax, Credit Karma, QuickBooks, and Mailchimp, has launched the QuickBooks Grant Program as part of Small Business Success Month. This initiative will provide $200,000 in funding, awarding $10,000 each to 20 small business owners. The program aims to support small businesses with essential tools and resources to thrive. Applications are open from May 28 to June 30, 2024. Each recipient will also receive three months of mentorship, including access to webinars and digital tools like QuickBooks and Mailchimp. The initiative aims to address the ongoing challenge of capital access for small businesses amid economic uncertainties.

Intuit Inc. (NASDAQ: INTU) reported strong financial results for the third quarter of fiscal 2024, ending April 30. Total revenue grew by 12% to $6.7 billion, while operating income increased by 12% to $3.1 billion. Earnings per share (EPS) saw a rise of 14% to $8.42. Key segments driving growth included the Small Business and Self-Employed Group, with revenue up 18% to $2.4 billion, and the Consumer Group, which grew 9% to $3.7 billion. Credit Karma also contributed, with an 8% revenue increase to $443 million. Intuit raised its full-year revenue and EPS guidance, reflecting confidence in its AI-driven platform strategy.

CallRail has announced a new integration with Intuit Mailchimp, allowing users to leverage AI-powered conversation insights for personalized and timely follow-ups. This collaboration aims to bridge the gap between online and offline channels by utilizing lead attributes and AI-identified insights to engage customers more effectively. Businesses can now enhance customer experiences through automated email and SMS marketing based on call sentiment, custom tags, and anticipated customer value. This integration helps small business owners streamline customer interactions, save time, and increase lead conversions.

Intuit, the financial technology platform behind TurboTax, Credit Karma, QuickBooks, and Mailchimp, is awarding three small businesses $20,000 each as part of their Small Business Hero Day initiative. This celebration is part of Intuit’s Small Business Success Month in May. The three recognized businesses include The Elevation Project in Philadelphia, Elite Formation Studio of Dance in Northern Virginia, and Dig It! Coffee Co. in Las Vegas. These businesses were chosen for their significant impact on their communities, from supporting formerly incarcerated individuals to creating inclusive spaces for people of all abilities. According to Intuit QuickBooks data, 36% of small businesses help diversify their communities, and these awards aim to further support their vital contributions.

Intuit's survey also highlighted that 36% of small businesses consider $20,000 a important sum for covering immediate expenses or alleviating financial burdens, which underscores the importance of these awards. For more information, visit the full release on Business Wire.

Intuit, the global financial technology platform behind TurboTax and QuickBooks, appointed Vasant Prabhu, former CFO and Vice Chairman of Visa, to its board of directors. Prabhu's expertise in financial services and scaling businesses internationally will support Intuit's growth.

Intuit is celebrating its fourth annual Small Business Success Month in May, offering resources, tools, and funding to support small businesses. Activities include advocacy in Washington, D.C., a grant program, Small Business Hero Day, and prompt pay initiatives. Digital tools play a key role, with small businesses using technology to save time, increase accuracy, and connect with customers.

Intuit Inc. (Nasdaq: INTU) will announce its third-quarter fiscal year 2024 results on May 23. The company's financial technology platform includes TurboTax, Credit Karma, QuickBooks, and Mailchimp. Intuit executives will discuss the results in a conference call at 1:30 p.m. Pacific time on May 23, with the call available for replay.