Reported 1 day ago
Intuit's stock has taken a hit due to a weaker-than-expected Q1 revenue forecast despite a robust 20% growth in Q4. CFO Sandeep Aujla discussed positive trends like growth in assisted tax and mid-market revenues, as well as AI integration across their platform. Challenges highlighted include Mailchimp's underperformance and a slowdown in pricing changes for their desktop products. However, Aujla remains optimistic about leveraging customer needs for consolidation and the company's AI developments driving productivity.
Source: YAHOO