Intuit Increases Fiscal 2025 Revenue Growth Forecast to 15%

Published 9 hours agoINTU

Intuit Increases Fiscal 2025 Revenue Growth Forecast to 15%

Intuit has announced an optimistic outlook for its fiscal 2025, raising its revenue growth guidance to 15%. The tech company now expects its revenue to climb to a range of $18.16 billion to $18.35 billion. According to a report by Nasdaq, this upward revision is supported by robust performances in segments like TurboTax Live and the mid-market sector.

TurboTax Live has been a standout, with its revenue growing 17% in fiscal 2024 and now making up roughly 30% of Intuit's Consumer Group revenue. The company anticipates that TurboTax Live will soon become the majority revenue generator in this segment. Additionally, Intuit's mid-market offerings, such as QuickBooks Online Advanced, have witnessed a notable expansion, with customer numbers up by 28% over the last fiscal year.

Intuit is also focusing on integrating AI capabilities into its products, aiming to enhance its financial management tools with features like personalized financial recommendations and automated bookkeeping. Reuters reported the company's commitment to leveraging AI for product innovation. Furthermore, Intuit has introduced a $3 billion share buyback program and forecasts that its annual adjusted profit per share will surpass analyst expectations, underscoring its strategic initiatives to strengthen its market position.

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