Intuit Stock Holds Steady Following Q1 Earnings, Focus Remains On AI-Driven Strategy

Benzinga

Intuit beat Q1 expectations with $3.89B in revenue and $3.34 adjusted EPS, up 18% year over year as all major segments posted strong growth. CEO Sasan Goodarzi said the company advanced its AI-driven platform strategy while ending the quarter with $3.7B in cash. Intuit reaffirmed full-year guidance, and shares rose 2.76% after hours.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Intuit reported first quarter revenue of $3.89 billion in adjusted earnings of $3.34 per share,

00:08both above analyst estimates, according to Benzinga. Total revenue rose 18% year-over-year,

00:12with global business solutions up 18% in both the consumer and total online ecosystem segments

00:17of 21%. The company ended the quarter with $3.7 billion in cash and investments and $6.1 billion

00:23in debt. CEO of Sassan Guzzari said the company delivered a strong first quarter,

00:28while advancing its AI-driven platform strategy to support consumers, businesses, and accountants.

00:34Full-year guidance calls for revenue between nearly $21 billion and nearly $21.19 billion,

00:39and adjusted earnings between $22.98 and $23.18 per share. Shares rose by 2.76% in after-hours

00:48trading. For all things money, visit Benzinga.com.

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