Intuit: raises annual targets

(CercleFinance.com) - On its quarterly earnings call on Thursday evening, Intuit announced an increase in its targets for 2023-24, now looking for non-GAAP EPS of $16.
79 to $16.84, compared with its previous target range of $16.17-16.47.

The company also now expects adjusted operating income of $6.36bn-$6.38bn (instead of $6.155bn-$6.26bn), on sales of $16.164bn-$16.2bn (instead of $15.89bn-$16.105bn).

For Q3 2023-24, the accounting and tax software publisher posted non-GAAP EPS and adjusted operating profit up 11%, to $9.88 and $3.71bn respectively.

Meanwhile, sales rose 12% to $6.74bn, still supported by its small business and self-employed division, where revenues increased 18%.


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