Categories AlphaGraphs, Earnings, Technology
INTU Earnings: Intuit reports higher Q1 2024 profit; revenue up 15%
Financial technology company Intuit Inc. (NASDAQ: INTU) reported higher adjusted earnings and revenues for the first quarter of 2024.
At $2.98 billion, first-quarter revenues were up 15% from the year-ago period. The top line benefited from strong growth in the Small Business and Self-employed segment.
Adjusted earnings increased to $2.47 per share in the October quarter from $1.66 per share in the first quarter of 2023. On an unadjusted basis, net income was $0.85 per share, compared to $ 0.14 per share last year.
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