Intuit: targets exceeded for FY 2023-24

(CercleFinance.com) - On Thursday evening, Intuit reported a 21% increase in non-GAAP EPS to $1.
99 for Q4 2023-24, and a 16% increase in adjusted operating profit to $730m, on revenues up 17% to $3.18bn.

Therefore, in non-GAAP figures, it posted FY EPS of $16.94, operating profit of $6.4bn and revenues of almost $16.3bn, exceeding the upper limits of its target ranges set three months ago.

We have made significant progress in our AI-driven expert platform strategy, which positions the company for sustainable growth in the future, the accounting and tax software company said.

For FY 2024-25, Intuit says it anticipates non-GAAP EPS of $19.16 to $19.36, an adjusted operating profit of $7.241bn to $7.316bn, and revenues of $18.160bn to $18.347bn.


Copyright (c) 2024 CercleFinance.com. All rights reserved.