Changes for page Intuit Inc
Last modified by Asif Farooqui on 2023/01/12 18:35
Change comment:
There is no comment for this version
Summary
-
Page properties (1 modified, 0 added, 0 removed)
Details
- Page properties
-
- Content
-
... ... @@ -2,31 +2,112 @@ 2 2 {{toc/}} 3 3 {{/box}} 4 4 5 -= Paragraph1=5 += Summary = 6 6 7 -Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 7 +* Intuit, Inc. is a technology company providing business and financial management solutions. 8 +* Its technology platform includes TurboTax, Credit Karma, QuickBooks, and Mailchimp are designed for consumers and small businesses. 9 +* Recently Intuit acquired Financial Health Startup SeedFi 8 8 9 -== Sub-paragraph == 10 10 11 -Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 12 12 13 - == Sub-paragraph ==13 +[[image:INTU0.jpg||height="383" width="718"]] 14 14 15 -Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 16 16 17 - ===Sub-sub paragraph===16 +Intuit, Inc. (Nasdaq : INTU, LSE: 0JCT) is a technology company providing business and financial management solutions. The company's global technology platform, which includes TurboTax, Credit Karma, QuickBooks, and Mailchimp. The company serve more than 100 million customers and generated revenue of $12.7 billion in its fiscal year which ended July 31, 2022. 18 18 19 -Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 20 20 19 += Recent Developments = 21 21 22 - =Paragraph2=21 +**Intuit to Acquire Financial Health Startup SeedFi**{{footnote}}https://investors.intuit.com/news/news-details/2022/Intuit-to-Acquire-Financial-Health-Startup-SeedFi/default.aspx{{/footnote}} 23 23 24 - Loremipsumdolorsit amet,consecteturadipiscingelit,sed doeiusmodtemporincididuntut labore etdoloremagnaaliqua.Utenimadminimveniam,quisnostrudexercitationullamcolaborisnisiutaliquipex eacommodoconsequat.Duisaute irureolorin reprehenderitinvoluptatevelit essecillumdolore eufugiatnullapariatur.Excepteur sintoccaecatcupidatat nonproident, sunt in culpaquiofficiadeseruntmollitanim id est laborum.23 +December 1, 2022; Intuit announced that it has entered into an agreement to acquire SeedFi, the partner behind Credit Karma’s Credit Builder, which helps low, or no-credit borrowers build credit while saving money, all for free. Credit Builder offers a line of credit and a secured savings account enabling members to build their credit while building up savings. By combining SeedFi’s Credit Builder technology with Credit Karma’s long standing relationships with credit bureaus and others in the credit ecosystem, Intuit will be able to move with greater speed and scale to help Credit Karma members make financial progress. 25 25 26 -== Sub-paragraph == 27 27 28 -L oremipsumdolorsit amet,consecteturadipiscingelit,seddo eiusmod temporincididuntutlabore et doloremagnaaliqua.Utenimadminimveniam,quis nostrudexercitationullamcolaborisnisiut aliquip exeaommodoconsequat.Duis auteiruredolor inprehenderit involuptatevelitessecillumdoloreeufugiatullapariatur.Excepteursintoccaecatcupidatatnon proident, suntinculpaquiofficiadeseruntmollit animid est laborum.26 +Late last year, Credit Karma entered into a partnership with SeedFi to offer Credit Builder to its members, enabling them to make regular payments, starting with as little as $20 per month or $10 per paycheck. By reporting these payments to the credit bureaus, members took steps toward improving their financial health. Through this partnership, members increased their score by an average of 21 points in as little as 30 to 45 days2 and built up over $10 million in savings. This acquisition will enable Credit Karma Money to continue to build on that momentum and help put more members on a path to financial security. 29 29 30 -== Sub-paragraph == 31 31 32 -Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. 29 +On December 3, 2020, the company acquired Credit Karma in a business combination and it operates as a separate reportable segment. 30 + 31 + 32 +On November 1, 2021, the company acquired Mailchimp in a business combination. Mailchimp is part of its Small Business & Self-Employed segment. 33 + 34 + 35 +[[image:INTU1.jpg]] 36 + 37 + 38 += Financial Highlights = 39 + 40 +Total net revenue increased $3.1 billion or 32% in fiscal 2022 ended July 31, compared with fiscal 2021. The company's Small Business & Self-Employed segment revenue increased 38% primarily due to growth in its Online Ecosystem revenue, which included $762 million of revenue from Mailchimp. Revenue for its Consumer segment increased 10% primarily due to a shift in mix to its higher priced offerings including TurboTax Live and its Premier offering. Revenue for its Credit Karma segment increased $940 million in fiscal 2022 compared to fiscal 2021. This increase was primarily due to the fact that its fiscal 2021 results of operations included Credit Karma from the date of acquisition, which was December 3, 2020, while its fiscal 2022 results of operations include Credit Karma for the full reporting period.{{footnote}}https://fintel.io/doc/sec-intuit-inc-896878-10k-2022-september-02-19237-164{{/footnote}} 41 + 42 + 43 +Operating income increased $71 million or 3% in fiscal 2022 compared with fiscal 2021. The increase was due to the higher revenue described above partially offset by an increase in expenses primarily for staffing, share-based compensation, marketing, and amortization of other acquired intangible assets. The company also incurred a $141 million one-time charge related to its settlement with the 50 state attorneys general and the District of Columbia, entered into on May 4, 2022. 44 + 45 + 46 +Net income increased $4 million in fiscal 2022 compared with fiscal 2021 due the increase in operating income described above and a slightly lower effective tax rate, which were partially offset by an increase in interest expense from borrowing $4.7 billion on a term loan in fiscal 2022. Additionally, the company recorded a $30 million gain in fiscal 2021 from the sale of a note receivable that was previously written off. Diluted net income per share decreased 4% to $7.28 for fiscal 2022 due to the increase in the weighted average shares outstanding from the shares issued as part of the acquisition of Mailchimp in the second quarter of fiscal 2022, which was partially offset by the increase in net income. 47 + 48 + 49 += Company Overview = 50 + 51 +Intuit Inc. was incorporated in California in March 1984. The company reincorporated in Delaware and completed its initial public offering in March 1993. Intuit, Inc. is a technology company providing business and financial management solutions. The company's global technology platform, which includes TurboTax, Credit Karma, QuickBooks, and Mailchimp. The company serve more than 100 million customers and generated revenue of $12.7 billion in its fiscal year which ended July 31, 2022. 52 + 53 + 54 +== Products == 55 + 56 +Intuit has products for individuals, accountants and small businesses.{{footnote}}https://www.intuit.com/products/{{/footnote}} 57 + 58 +The company products TurboTax, Credit Karma, QuickBooks, and Mailchimp 59 + 60 + 61 +[[image:INTU2.jpg]] 62 + 63 + 64 +**For Individuals** 65 + 66 + Credit Karma 67 + 68 + QuickBooks Self-Employed 69 + 70 + Mint 71 + 72 + TurboTax 73 + 74 + TurboTax Live 75 + 76 + 77 +**For Small Businesses** 78 + 79 + QuickBooks 80 + 81 + QuickBooks Online 82 + 83 + QuickBooks Checks and Supplies 84 + 85 + QuickBooks Payroll 86 + 87 + QuickBooks Payments 88 + 89 + QuickBooks Time 90 + 91 + Mailchimp 92 + 93 + TurboTax Live for Business 94 + 95 + QuickBooks Live 96 + 97 + 98 +**For Accountants** 99 + 100 + Overview 101 + 102 + Lacerte Tax 103 + 104 + ProConnect Tax 105 + 106 + ProSeries Tax 107 + 108 + QuickBooks Online Accountants 109 + 110 + 111 += References = 112 + 113 +{{putFootnotes/}}