CLAIM #32356 · Intuit Inc (INTU) · 2021Q4 earnings call · Aug 24, 2021 · due Jul 31, 2022
“We continue to see margin expansion opportunities ahead.”
Michelle Clatterbuck · CFO
In context
“with investments we're making in stock compensation to attract and retain talent. We are confident these are the right decisions to drive long-term growth. On a non-GAAP basis, our guidance implies operating margin in fiscal 2022 expands approximately 60 basis points. As I shared last quarter, fiscal 2021 was a very unique year, as we took a conservative approach to investments during the first half of the year when we were deep in the pandemic, and then the business started to bounce back more quickly than we anticipated in the second half. Our fiscal 2022 non-GAAP operating margin implies on average, a point of expansion each year since fiscal 2019. Even though our initial guidance after closing the Credit Karma acquisition included a negative 2-point non-GAAP operating margin impact. We continue to see margin expansion opportunities ahead. Our Q1 fiscal 2022 guidance includes revenue growth of 36% to 38% GAAP earnings per share of $0.14 to $0.19 and non-GAAP earnings per share of $0.94 to $0.99. You can find our full Q1 and fiscal 2020 guidance details in our press release and on our fact sheet. And with that, I'll turn it back over to Sasan. Sasan Goodarzi: Super. Thank you, Michelle. I'm proud of the team and always accomplished together and I'm optimistic about the future. We have a large, addressable market with digital and tailwinds that include a shift to Virtual Solutions, acceleration to online and omnichannel capabilities, and digital money offerings. With our strategy of becoming an AI-driven expert platform and five Big Bet s, we are positioned well for accelerated innovation and growth. Let's now open it up to y”
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SEC filings for INTU ↗ · Claim quote is verbatim from the 2021Q4 earnings call.