Intuit Q1 Earnings Beat on Online Growth, Revenues Rise 10% Y/Y
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Intuit's Q1 earnings exceeded expectations, driven by a 20% growth in online services, despite a 17% decline in desktop revenues. Overall, revenues increased by 10% year-over-year.
November 25, 2024 | 4:30 pm
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Intuit's Q1 earnings surpassed expectations due to strong online growth, offsetting declines in desktop revenues. Total revenues increased by 10% year-over-year.
Intuit's strong online growth of 20% indicates a successful transition from desktop services, which saw a 17% decline. The overall 10% revenue increase suggests robust performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100