"The company's transformation accelerated with investments in AI, cloud computing, and personalized financial solutions. At its recent September Analyst Day conference, CFO Sandeep Aujla highlighted this growth, noting, "About 10 years ago, we were less than $5 billion in size, growing 8%. Today, we are four times that size, nearly $20 billion, growing at double the rate at 16%, with 40% operating margins, and the best is yet to come." This reflects Intuit's shift to a scalable, high-margin business."
"Intuit is enhancing its ecosystem through strategic partnerships, a key growth driver not yet fully reflected in its stock price. Collaborations with fintech innovators like Plaid and banking giants such as JPMorgan Chase ( NYSE:JPM) aim to integrate seamless payment and data-sharing solutions. These alliances expand Intuit's reach into new customer segments, particularly small-to-medium enterprises seeking integrated financial tools. Analysts predict these partnerships could add $2 billion in incremental revenue by 2027, reinforcing Intuit's competitive edge."
Intuit has evolved from a tax software provider into an AI-driven fintech serving small businesses, consumers, and mid-market firms globally. Investments in AI, cloud computing, and personalized financial solutions drove rapid scale, reaching nearly $20 billion in revenue and 40% operating margins. Strategic partnerships with Plaid and JPMorgan Chase aim to integrate payments and data-sharing, potentially adding $2 billion by 2027 and expanding reach into small-to-medium enterprises. Recent results showed 20% revenue growth to $3.8 billion, with Global Business Solutions up 16% and non-GAAP diluted EPS rising to $2.75, up 38%.
Read at 24/7 Wall St.
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