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CLAIM #32596 · Intuit Inc (INTU) · 2023Q4 earnings call · Aug 24, 2023 · due Jul 31, 2024

We expect a GAAP tax rate of approximately 23% in fiscal 2024.

Sandeep Aujla · CFO

PENDING
graded after results covering Jul 31, 2024 are reported

In context

ok for operating in both good and difficult economic times. We manage for the short and the long-term and control discretionary spend to deliver strong results while investing in what is most important for future growth. Our goal remains for Intuit to emerge from this period of macroeconomic uncertainty in a position of strength. Moving on to guidance. Our fiscal 2024 guidance includes total company revenue of $15.89 billion to $16.105 billion, a growth of 11% to 12%. Our guidance includes revenue growth of 16% to 17% for the Small Business and Self-Employed Group, 7% to 8% for the Consumer Group, and a decline of 3% to a growth of 3% for Credit Karma. GAAP earnings per share of $9.37 to $9.67, growth of 11% to 15%, and non-GAAP earnings per share of $16.17 to $16.47 growth of 12% to 14%. We expect a GAAP tax rate of approximately 23% in fiscal 2024. Our guidance for the first quarter of fiscal '24 includes revenue growth of 10% to 11%, GAAP earnings per share of $0.15 to $0.21, and non-GAAP earnings per share of $1.94 to $2. We are taking a prudent approach with guidance given the continued macroeconomic uncertainty. As a reminder, in Q1 of fiscal '24, we expect to pay approximately $700 million in cash tax payments related to fiscal '23, which were deferred due to the IRS disaster-area tax relief. You can find a full fiscal 2024 and Q1 guidance details in our press release as well as on our fact sheet. With that, I'll turn it back over to you, Sasan. Sasan Goodarzi: Great. Thank you. And wrapping up, we are confident in our AI-driven expert platform strategy and progress with our five Big Bets, the investments that we are making in

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SEC filings for INTU · Claim quote is verbatim from the 2023Q4 earnings call.