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CLAIM #32739 · Intuit Inc (INTU) · 2025Q1 earnings call · Nov 21, 2024 · due Dec 31, 2025

Our belief, which is not baked into our guidance, is that we will see an improved environment as we look ahead in 2025.

Sasan Goodarzi · CEO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

aking the question and congrats on the results. Sasan, I wanted to get your take on just the notion and the topic of what you're seeing in your business right now from an SMB demand environment perspective, kind of are you starting to see the beginnings of a recovery? How and when do you expect that to show up? And on the very fast-developing agendaic opportunity for kind of AI utilization, monetization in your customer base. When do you believe or strongly think we should start seeing impacts from a monetization standpoint, both with Assist around either does it change the magnitude? Does it change the strategy? Over the next few quarters? Sasan Goodarzi: Yep. Great. Thank you, Alex. For the question. I'll take the first one I would say a couple of things. One, it's a stable environment. Our belief, which is not baked into our guidance, is that we will see an improved environment as we look ahead in 2025. Hear just what some of the things that I mentioned earlier around just interest rates, jobs, you know, the regulatory environment, you know, these things have a real burden on businesses, and we believe that, you know, a better future is to come. None of which we're baking and assuming, but important to say. So stable. We believe the future will be better and I would just end by saying really, the growth that we are experiencing. If you look at our overall guidance for the year in our business franchise of 16 to 17% and then the 20% online revenue growth that we delivered in Q1 and that we would expect, you know, the rest of the year. That's all because of the power of our platform and the innovation on our platform that is actually saving customers money because they're digitizing their

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