Intuit Reports Strong Revenue Growth for FY2025
Intuit Reports Strong Revenue Growth for FY2025
Intuit Reports Strong Revenue Growth for FY2025
News summary

Intuit's stock rose 3% in after-hours trading following strong fiscal Q4 results, which included a revenue increase of 17% year-over-year to $3.18 billion and an adjusted EPS of $1.99, surpassing analysts' expectations. The company announced a $3 billion stock buyback program and forecasted fiscal 2025 revenue between $18.16 billion and $18.35 billion, attributed to growing demand for its AI-enhanced financial tools and recent price increases for QuickBooks. CEO Sasan Goodarzi emphasized the significant customer growth linked to these AI innovations and announced plans to expand their AI team by nearly 1,000 employees. Despite a slower first-quarter growth outlook, Intuit's long-term prospects appear strong, as the fintech sector increasingly adopts AI technologies. Investor sentiment remains bullish, evidenced by significant call option activity indicating a price target between $480 and $710. Overall, Intuit is well-positioned to leverage its AI initiatives for sustained growth.

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