MAAT INDEX

CLAIM #32729 · Intuit Inc (INTU) · 2025Q1 earnings call · Nov 21, 2024 · due Jul 31, 2025

the biggest contribution of all those investments that we've made are to come. And so we view that in the quarters to come.

Sasan Goodarzi · CEO

PENDING
graded after results covering Jul 31, 2025 are reported

In context

k us off. You know, first of all, if you reflect back on what Sandeep talked about earlier, when you look at our overall 20% online ecosystem revenue growth, you know, 42% of that not 42% of it, but we had 42% growth when you look at our QBO Advanced and Intuit Enterprise platform and all the services that that comes with it. And we wanted to explicitly call that out because as we continue to build out our go-to-market capabilities in the mid-market, it will benefit QBO Advanced and services, and it will benefit, of course, with the enterprise suite. And so we are actually seeing the benefit now, and it's material. We've also added over 200 account managers, business development folks that are very geared towards outside selling and that is contributing to where we are today, but frankly, the biggest contribution of all those investments that we've made are to come. And so we view that in the quarters to come. And therefore, you know, if I were to put a punchline on this, the acceleration that you saw from last quarter to this quarter of 18% to 20% growth with our online ecosystem revenue growth, you know, it came from more services. It came from mid-market, which is both QBO Advanced and Intuit Enterprise Suite. It came from better retention, higher ARPC, better mix. So we're sort of clicking on all the key cylinders that strategically was communicated to you all. And we expect that to continue. Siti Panigrahi: Thanks for the color. And quick follow-up, to your Q2 guidance for consumer. Understand that all the January quarter is a big chunk of that comes from desktop TurboTax. Understand that. But what was the promotion about? What I understand that you guys wanted to push a consumer to online

Verify independently

SEC filings for INTU · Claim quote is verbatim from the 2025Q1 earnings call.