Intuit Inc (NASDAQ:INTU, ETR:ITU) posted better than expected results for the fiscal fourth quarter and full year, sending its shares higher afterhours.
For Q4, the firm behind TurboTax and Quickbooks reported a 17% increase in revenue to $3.18 billion, ahead of estimates of $3.08 billion and above Intuit’s guidance range of $3.063 billion to $3.099 billion.
Adjusted earnings per share (EPS) were up 21% year-over-year at $1.99.
This was ahead of estimates of $1.86 and the company’s forecast of EPS in the range of $1.80 to $1.85
For the full year, Intuit reported EPS of $16.94 on revenue of $16.29 billion, topping estimates of $16.83 and $16.19 billion respectively.
“We delivered very strong results for the fourth quarter and full year, and made meaningful progress with our AI-driven expert platform strategy that positions the company for durable growth in the future,” Intuit CEO Sasan Goodarzi commented.
“Our strategy and five Big Bets are solving our customers’ biggest problems as we deliver on our mission to power prosperity for consumers, and small and mid-market businesses.”
For fiscal 2025, Intuit guided revenue growth between 12% to 13% to $18.16 billion to $18.35 billion.
Adjusted EPS is expected to be in the range of $19.16 to $19.36, representing growth between 13% to 14%.
Both figures were above Street estimates of $18.09 billion and $19, respectively.
Shares of Intuit were 3% higher at $685 post-earnings.