Intuit (INTU) Earnings: Q4 profit rises and beats view: revenue up 41%

Financial technology company Intuit Inc. (NASDAQ: INTU) Tuesday reported an increase in fourth-quarter adjusted profit, aided by double-digit growth in revenue. The numbers also exceeded Wall Street’s estimates. At $2.56 billion, fourth-quarter revenues were up 41% from the year-ago period and above experts’ projection. The topline benefitted from strong growth in the main operating segments. […]

$INTU August 24, 2021 1 min read

NYSE

$INTU · Earnings

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Financial technology company Intuit Inc. (NASDAQ: INTU) Tuesday reported an increase in fourth-quarter adjusted profit, aided by double-digit growth in revenue. The numbers also exceeded Wall Street’s estimates. At $2.56 billion, fourth-quarter revenues were up 41% from the year-ago period and above experts’ projection. The topline benefitted from strong growth in the main operating segments. […]
· August 24, 2021

Intuitive Q4 2021 earnings infographic

At $2.56 billion, fourth-quarter revenues were up 41% from the year-ago period and above experts’ projection. The topline benefitted from strong growth in the main operating segments.

Adjusted earnings increased to $1.97 per share from $1.81 per share in the fourth quarter of 2020 and came in above the consensus forecast. Net income, including one-off items, was $380 million or $1.37 per share, compared to $445 million or $1.68 per share last year.

Read management/analysts’ comments on Intuit’s Q4 results

Intuit’s shares traded higher on Tuesday and closed the session at a record high. They gained further in the after-hours, soon after the earnings announcement.