CLAIM #32736 · Intuit Inc (INTU) · 2025Q1 earnings call · Nov 21, 2024 · due Apr 30, 2025
“expect it to, in essence, accelerate as we look ahead.”
Sasan Goodarzi · CEO
In context
“to think about that number? In that context? Thank you. Sasan Goodarzi: Yeah. Thank you for the question. A couple of things I would say. One, our momentum around our innovation around money. And payments being one, you know, element of it. Continues to be an area where we're very bullish, particularly as we penetrate with services, not only with small businesses but also in mid-market. There were a couple of factors that played into the 17% for the first quarter. One is the storms on the East Coast. Actually impacted a lot of service-based small businesses. Saw the impact, and we actually saw it start to come back. So that's one element. And also another element is just the number of days that fell into this quarter versus the same quarter last year. So those factors played into it, and expect it to, in essence, accelerate as we look ahead. Raimo Lenschow: Okay. Perfect. And then the other question I had was as you kind of said earlier, Sasan, you're kind of now, like, you know, more an AI platform. If you think about tax season or QB and the QBO business as well, how do you think about, like, the next iteration for how you weave that into the product to kind of keep the customer longer in the funnel, etcetera? Is there any big changes we can expect for the tax season? I'm not asking you to kind of fill it out. But is there, like, do you think about that evolution of weaving that into the product? Thank you. Sasan Goodarzi: Yeah. Great question. You know, first of all, just briefly start with the context of, our entire strategy as a company is to create done-for-you experiences. Marketing is done for you. Quote to cash is do”
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SEC filings for INTU ↗ · Claim quote is verbatim from the 2025Q1 earnings call.