INTUIT INC Reports 12.3% Increase in Revenue for FY2023 Q4, Totaling USD 2712.0 Million
August 27, 2023
☀️Earnings Overview
On August 24 2023, INTUIT INC ($NASDAQ:INTU) reported their earnings results for FY2023 Q4, showing total revenue of USD 2712.0 million – a 12.3% growth from the same period in the preceding year. Net income for the quarter was reported to be USD 89.0 million, up from a net loss of USD 56.0 million the year before.
Analysis
GoodWhale has conducted a detailed analysis of the wellbeing of INTUIT INC. According to their Risk Rating, INTUIT INC is a high risk investment in terms of their financial and business aspects. GoodWhale has identified two risk warnings in their balance sheet, both of which are non financial in nature. For further details, one must become a registered user with GoodWhale to gain access to the full analysis. The result of such an analysis is a comprehensive understanding of the financial and business health of a company, and for investors, this can be invaluable information. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intuit Inc. More…
| Total Revenues | Net Income | Net Margin |
| 14.37k | 2.38k | 16.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intuit Inc. More…
| Operations | Investing | Financing |
| 5.05k | -922 | -4.27k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intuit Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 27.78k | 10.51k | 62.82 |
Key Ratios Snapshot
Some of the financial key ratios for Intuit Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.2% | 13.0% | 22.5% |
| FCF Margin | ROE | ROA |
| 33.3% | 11.5% | 7.3% |
Peers
Its competitors include Kingdee International Software Group Co Ltd, System Research Co Ltd, and BK Tops.
– Kingdee International Software Group Co Ltd ($SEHK:00268)
Kingdee International Software Group Co Ltd is a Chinese software company that specializes in enterprise software, cloud services and artificial intelligence. As of 2022, the company has a market capitalization of 36.47 billion USD and a return on equity of -3.86%. The company’s products and services are used by businesses of all sizes in a variety of industries, including banking, manufacturing, retail and healthcare.
– System Research Co Ltd ($TSE:3771)
System Research Co Ltd is a Japanese company that provides information technology services. The company has a market cap of 16.15 billion as of 2022 and a return on equity of 15.4%. System Research Co Ltd provides services such as software development, system integration, and consulting. The company also offers products such as software, hardware, and services for the financial industry.
– BK Tops ($KOSE:030790)
BK Tops is a publicly traded company with a market capitalization of $19.2 billion as of 2022. The company has a negative return on equity of 54.07%. BK Tops is engaged in the business of producing and selling toppings for ice cream, yogurt, and other desserts. The company’s products include chocolate chips, sprinkles, and other toppings.
Summary
INTUIT INC reported strong financial results for FY2023 Q4, with total revenue of USD 2712.0 million, a year-on-year increase of 12.3%. Net income amounted to USD 89.0 million compared to a loss of USD 56.0 million in the same quarter of the previous year. This suggests that the company is in a good position to deliver sustained profitability and growth potential for investors. The strong earnings results and the steady progress of the company offer a good opportunity for investors to take advantage of this potential upside.
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