Intuit shares ducked about 3% lower in after-hours trading following the announcement, after closing with a 1.3% decline at $529.05. Powerful Automated Inventory Management Software for Wholesale and Multichannel eCommerce with a B2B Ordering Platform, and Mobile plus Shopify, WooCommerce and Amazon Integrations.
Intuit is a leading provider of financial and tax preparation software solutions globally. “We continue to see strong momentum across the company, with Small Business and Credit Karma expected to deliver record high revenues for the quarter, with tax on track to deliver full-year fiscal 2022 revenue guidance,” Chief Executive Sasan Goodarzi said in a statement. Intuit uses AWS to deploy an omnichannel cloud customer contact center in two weeks instead of six months, support seasonal traffic by scaling from 6,000 agents to 11,000 in minutes, and communicate more effectively with customers. Executives said they would “refresh” their full-year guidance more completely when reporting results fully on Feb. Executives said Monday that the current tax season is taking longer to get into gear, causing Monday’s pullback in sales expectations.Įxecutives did not change their full-year revenue forecast, suggesting they believe the expected revenue will move into the third quarter.
Intuit’s core software assets - including Quickbooks and TurboTax - are focused on helping businesses and consumers track and manage their finances, making tax season an important time for the business.
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