Reported 11 months ago
Since the start of the Biden-Harris administration, there have been 18.1 million new business applications, indicating a surge in entrepreneurial spirit. Intuit's CFO, Sandeep Aujla, shares that small businesses are doing well overall, with revenues up by 3% over the last three months and profits up by 2% year-over-year. Although cash reserves are down by 8% from the previous year, they are up 16% from the pre-COVID period. Aujla highlights that small businesses are focused on growing their customer base, and Intuit is offering innovations like revenue intelligence to support them in achieving financial success.
Source: YAHOO