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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 12 research reports from 4 professional analysts.
Audioboom’s FY23 results and Q1 trading update show Q1 24 revenue growth of +11% yoy, $6.7m of March 2024 revenue marking the platform’s highest revenue month since May 2022, and a confident outlook that leads us to reiterate our FY24E forecasts. Following the focus on new initiatives through FY23, the platform is now in its strongest ever operational position, with a record 1.1bn monthly ad impressions created in March 2024, record global audience reach of 38.6m unique global listeners in Janua
Companies: Audioboom Group PLC
Cavendish
Alphawave Semi has reduced guidance for FY23 and prospectively citing lower revenues from China, changes in expected revenue recognition from long-term contracts, and continuing investment in R&D. The share price has reacted negatively, giving up most of the gains since the trading statement at the end of January. Current consensus, which is a good match for pre-existing guidance, should be reduced, most likely following release of the FY23 results and full 1Q24 trading update due on 23 April. H
Companies: Alphawave IP Group PLC
Capital Access Group
Crimson Tide has reported FY23 results to December in line with expectations, with additional operating leverage benefitting updated FY24 and maiden FY25 and FY26 forecasts. FY23 delivered +15% revenue growth to £6.2m at 86% GM, of which over 90% is recurring, and maintained £5.8m ARR even after unexpected customer churn in the year as we previously noted. Crucially, the Group achieved milestone adj EBITDA profitability of £0.4m at 7% EBITDA margin, and edges closer to adj PBT profitability expe
Companies: Crimson Tide Plc
Companies: BILN ELCO NXQ CUSN ATG
Devolver Digital encouragingly delivered 2023 results slightly ahead of expectations and provided a steady medium-term outlook that leads us to reiterate our 2024 Adjusted EBITDA estimates. Longer term, the company is now planning to further develop its two major planned titles, Human Fall Flat 2 and System Era's next major new release. We now expect those major titles to be released in 2026 rather than 2025, meaning we lower our 2025 Adjusted EBITDA forecast to $10.6m from $17.6m but introduce
Companies: Devolver Digital, Inc.
Zeus Capital
Companies: 88E RNO TRIN KRM EXR BOOM
Checkit has won contracts with two customers worth at least £417k over the three-year lives of the contracts, confirming its ability to upsell to its existing customer base and supporting our forecasts. Having trialled the new technology with multiple customers, Checkit has launched its Asset Intelligence module, which uses advanced analytics and machine learning to enhance customer sustainability, reduce costs and increase revenue.
Companies: Checkit plc
Edison
Companies: Kainos Group PLC
Canaccord Genuity
ATG’s H1/24 trading statement indicates revenue for the six-month period to 31 March 2024 was $86m, a 6% increase on H1/23 (1% organic growth), helped by the addition of the EstateSales.Net (ESN) marketplace last year, which performed well in the period. Total marketplace revenue increased 2% (organic), driven by growth in value-added services (VAS) and event fees, offsetting a decline in commission revenue (mainly through lower asset prices).
Companies: Auction Technology Group PLC
Companies: Crimson Tide Plc (TIDE:LON)Plant Health Care PLC (PHC:LON)
GE Healthcare has announced the launch of the Voluson Signature 20 and 18 ultrasound systems, with the related press release noting these systems ‘comprehensively integrate artificial intelligence’ to improve the ultrasound procedure for clinicians and the women being scanned. These ultrasound systems include SonoLyst, the AI which incorporates Intelligent Ultrasound’s ScanNav Assist and ScanNav AutoCapture AI software. The launch of additional Voluson systems including the SonoLyst suite of AI
Companies: Intelligent Ultrasound Group Plc
Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning's full year results reflect the outcome of a multi-year strategy coming to fruition for the group, with recurring revenue growth of 8.7% delivering overall revenue growth of 7.1% and in turn a 60% increase in PBT to £0.7m. Over the past few years, Touchstar has focused on enhancing the returns from their product offering through a shift towards recurring software licen
Companies: Touchstar plc
WHIreland
This report is intended to help UK small- and mid-cap investors gain a better understanding of software companies’ routes to market, and to highlight how one of the most important facets of the way in which they grow and deliver value is routinely ignored. We examine sales processes for six UK-listed companies and one that has recently been taken over, and consider why they have followed their respective paths.
Companies: Idox plc
Progressive Equity Research
Companies: Cirata Plc
Liberum
ENGAGE XR’s FY23 results show revenue and net cash in line with the February trading update, EBITDA ahead at -€4.0m vs -€4.5m due to the split of cash outflow between opex and working capital, and a confident outlook that leads us to reiterate our FY24E forecasts. FY23 revenue for the core ENGAGE platform was unchanged vs FY22 at €3.3m, as H2 23 revenue was impacted by the record seven-figure contract announced in February shifting to 2024, and several enterprise customers scaling back renewals
Companies: Engage XR Holdings PLC
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