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CLAIM #32511 · Intuit Inc (INTU) · 2023Q1 earnings call · Nov 29, 2022 · due Jul 31, 2023

And we expect that momentum to continue the rest of the year.

Sasan Goodarzi · CEO

PENDING
graded after results covering Jul 31, 2023 are reported

In context

acquisition, retention, payments and payroll volume and also what we see across Mailchimp. And what we're seeing across the board is a continued flight to digitization. If you use our payments capability, you get paid faster, and cash flow is more critical in this environment. If you use our payroll capabilities, you're actually able to reduce errors and pay your employees and have money moved from your bank account to their bank account same day versus two weeks in advance. With the use of innovation that you've heard from us on Mailchimp, we're actually starting to see customer growth tick up. And so those are just illustrative examples are -- we're just continuing to see based on our innovation a flight to digitization, which is the strength that you heard from us in the first quarter. And we expect that momentum to continue the rest of the year. And we remain steadfast on our guidance until we see more quarters, but it is not at all about our sentiment about small business. We actually feel very good about what we're seeing across the board in small business. Operator: Your next question will come from the line of Brad Sills with Bank of America Securities. Please go ahead. Brad Sills: Just a question on the reiterated operating income guide. You lowered top line by, it looks like, about $700 million, yet you're able to sustain your operating income guidance, which is impressive and it speaks to the flexibility in your model. Michelle, you alluded to some adjustments that were made, if you could just provide a little bit of color as to where those adjustments were made in the business? Michelle Clatterbuck: Yes. Brad... Sasan Goo

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SEC filings for INTU · Claim quote is verbatim from the 2023Q1 earnings call.