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CLAIM #32460 · Intuit Inc (INTU) · 2022Q4 earnings call · Aug 23, 2022 · due Jul 31, 2023

I’m pleased we are guiding to another year of strong revenue growth and strong margins in fiscal year 2023.

Sasan Goodarzi · CEO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
guiding to another year of strong revenue growth and strong margins in fiscal year 2023
Reported
We now expect total company revenue growth of 10% to 12% versus the previous range of 14% to 16%.

In context

ear revenue reached $12.7 billion, up 32%, including the addition of Mailchimp and a full year of Credit Karma. Excluding MailChimp, revenue grew 24%. Total revenue growth was fueled by 38% growth for the Small Business and Self-Employed Group, which includes 16 points from Mailchimp. Consumer Group revenue grew 10%, and Credit Karma had an outstanding year with revenue of $1.8 billion, up 58% on a pro forma basis year-over-year. I am very proud of the team’s performance, delivering strong growth and strong margins, which very few companies at our scale are able to achieve. I’m optimistic about our strategy and opportunities for growth, especially considering an uncertain global macroeconomic environment. The Intuit platform remains mission-critical for powering our customers’ prosperity. I’m pleased we are guiding to another year of strong revenue growth and strong margins in fiscal year 2023. Our global AI-driven expert platform strategy is accelerating innovation, and our 5 Big Bets are solving the largest problems our customers face. We continue to deliver strong proof points that demonstrate the success and are well positioned for durable growth in the future. As a reminder, our 5 Big Bets are: revolutionize keep the benefit, connect people to experts, unlock smart money decisions, be the center of small business growth, and disrupt the small business mid-market. We will share more on our vision and the outcomes we’re driving across each of these Big Bets next month at our Investor Day. Now let me turn to a topic that I know is top of mind for many of you, the resiliency of our business and the slowing macroeconomic environment. Our company is in a significantly different p

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SEC filings for INTU · Claim quote is verbatim from the 2022Q4 earnings call.