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Intuit had another strong quarter managed to deliver an all-around beat with revenues, operating income, and earnings per share rising. In the Self-Employed Group and the Small Business, revenue grew during the quarter. Also, the revenue of the online Ecosystem and the total online payments volume grew. Despite uncertainties in the wider macro environments, the company's small business performance continues to be really strong. Online services revenue, including payroll, time tracking, capital,
Companies: INTUIT (INTU:NYSE)Intuit Inc. (INTU:NAS)
Baptista Research
Intuit had a successful first quarter and managed to surpass Wall Street expectations in terms of revenues as well as earnings. The company is delivering new solutions focusing on breakthrough adoption while developing using the strength of its platform and current technical capabilities. TurboTax also had a strong finish with a number of improvements introduced and tested during the quarter. Besides, the company launched a new brand campaign, updated their website, and improved the first-time u
Intuit had a strong quarter and delivered an all-around beat while continuing its focus on small businesses and customers. It delivered strong margins and strong growth in the quarter. In terms of niche customer targeting, the company’s QuickBooks offering is going to launch an innovative campaign to onboard more Latino business owners and emphasize the tools which are going to help them in developing a big business mindset. There was a rise in the volatility in personal loans and various person
Intuit Inc. is off to a strong start in 2022 with continued momentum from the previous year and is on track to become a worldwide AI-driven expert platform that powers small business customers. The total revenue growth of the company was above Wall Street expectations was driven by self-employed and small business growth and Credit Karma revenue. With the closing of the Mailchimp transaction, Intuit is raising its earnings per share and revenue guidance which is a positive sign. In the quarter C
Companies: Intuitive Investments Group Plc (IIG:LON)Intuit Inc. (INTU:NAS)
Intuit’s stock price has taken a beating over the past few months along with most premium tech stocks but the company’s fundamentals are strong. The company delivered a below par result which made the stock price take plunge even further. It is worth highlighting that Intuit is looking to become an AI-driven expert platform worldwide, powering small businesses and consumers. This accounts for an addressable market of around $300 million based in the possible digital tailwinds, including digital
While Intuit’s stock price may have been witnessing a correction off late, the company is off to a solid start in the 2022 fiscal with sustained momentum across its platform. Intuit caters to a $300 billion addressable market within fintech that is driven by digital tailwinds, including a shift to virtual solutions, an acceleration of online and omnichannel capabilities, and digital money offerings. The management is also committed to developing a personal financial assistant that assists consum
Intuit continued with its exceptional run and had a robust fourth quarter capping off an exceptional year. Their full-year revenue increased by a staggering 25%, including the addition of Credit Karma with the fourth quarter alone contributing $2.6 billion to the top-line. The biggest drivers of the top-line growth are the Consumer Group segment which grew by 16% and the Self-Employed Group which grew by around 14%. These have wonderfully complemented the company’s core QuickBooks Online offerin
Intuit has held a monopolistic position in the domain of accounting and tax software. The company has a strong economic moat with customer stickiness at both, consumer and enterprise levels. The company reported a strong quarterly result with more than 20% growth across all segments and the management also provided an upbeat guidance for the year. Each of Intuit’s offerings such as Quickbooks, TurboTax, Mint, and Credit Karma have established industry leading positions in their respective domain
Companies: Intuitive Investments Group Plc (IIG:LON)Intuit Inc. (0JCT:LON)
Research Tree provides access to ongoing research coverage, media content and regulatory news on Intuit Inc.. We currently have 0 research reports from 4 professional analysts.
Journeo has confirmed record results for FY23A, in-line with recent upgraded expectations across the board. FY23A revenue increased significantly by 118% to £46.1m (including 20% organic growth) and Adj PBT increased 270% to £4m, representing a near doubling of the Adj PBT margin. Journeo has positioned itself for a period of sustained growth following the transformational Infotec acquisition, the bolt-on MultiQ acquisition and ongoing R&D in the existing business. Journeo looks compelling on an
Companies: Journeo plc
Cavendish
Craneware is the market leader in value cycle SaaS provision in the US with a 40% market penetration and the ambition to become ubiquitous in US hospitals. The shackles of Covid disruption, digestion of the Sentry acquisition, and the transitioning of its customers to the fully cloud based Trisus platform, have fallen away and opened up new sales opportunities for the group. While the shares have out-performed strongly, multiples look reasonable compared with peers. We calculate a DCF based fair
Companies: Craneware plc
Capital Access Group
In 2023, the company delivered strong 13% organic constant currency revenue growth and Adjusted EBITDA in line with expectations, even after including one-off inventory provisions.
Companies: Big Technologies PLC
Zeus Capital
Companies: CML Microsystems Plc
Shore Capital
Companies: FOG PEB KBT EMR TIME GETB JNEO
The trading update confirms revenues in line with our expectations. Excess inventory flow through and market softness in China have impacted CML’s core business, but Microwave Technologies Inc (MwT) is performing ahead of expectations. The net effect, along with MwT acquisition related costs, is that Reported PBT and EBITDA are to be lower than expectations, but not substantially so. The long-term investment case is founded upon the opportunity in next-generation wireless and, with £18m cash and
Progressive Equity Research
Companies: Nanoco Group PLC
Turner Pope Investments
Nanoco, the world-leading provider of cadmium-free Quantum Dot technology, has reported positive 1H24 results, and stated that FY24 performance is expected to be in-line with market expectations. We reiterate our FY24E forecasts. Operationally, the company has achieved strong progress over the past six months, and the interims statement includes further progress on the company’s next-generation revenue programmes being implemented post period end. We maintain our 60.2p price target.
GetBusy’s FY23 results show organic revenue growth of +10% to £21.1m, FY23 adjusted EBITDA +£0.1m ahead of our +£0.3m upgrade at the January trading update, and a promising outlook that leads us to reiterate our FY24E forecasts. At constant currency, ARR grew +10% yoy to £20.5m, recurring revenue grew +12% to £20.3m, and net revenue retention of 100.0% per month reflects upselling and price increases, with gross monthly churn of 0.8% per month vs 0.9% in FY22. Within SmartVault, the July 2023 la
Companies: GetBusy Plc
Companies: PMG DUKE CMCL BOOM
Companies: FOG TND BVXP ACC HDD
Broadcast playout automation solutions provider Pebble Beach has reported confident FY23 results to Dec 2023 in line with updated January trading update expectations, and has announced the much-anticipated Project Oceans will launch as PRIMA (Platform for Real-time Integrated Media Applications) in April 2024. This underpins a mid-term 80% recurring revenue ambition and expansion in addressable market. FY23 delivered +11% revenue growth to £12.4m, which benefitted from the unwind of defensive in
Companies: Pebble Beach Systems Group PLC
Companies: LPA SOLI NANO QTX
Companies: Windward Ltd.
Canaccord Genuity
Companies: BILN IGP RBN SBTX
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