Reported 5 months ago
Intuit raised its annual revenue forecast after posting a rise in third-quarter revenue, driven by strong demand for its AI-powered financial products like tax filing software TurboTax, personal finance portal Credit Karma, and accounting software QuickBooks. The company's Intuit Assist, an AI tool embedded in its products, provides personalized financial recommendations to small businesses and individuals. Intuit reported a revenue increase of 12% in the third quarter and expects annual revenue between $16.16 billion and $16.20 billion, up from its previous forecast, reflecting a positive outlook amidst a robust tax season.
Source: YAHOO