intuit inc (INTU:NASDAQ GS)
intuit inc (INTU) Snapshot
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Open
$58.14
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Previous Close
$58.76
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Day High
$58.43
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Day Low
$57.39
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52 Week High
03/6/13 - $68.41
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52 Week Low
06/4/12 - $54.30
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Market Cap
17.2B
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Average Volume 10 Days
3.6M
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EPS TTM
$2.65
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Shares Outstanding
296.4M
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EX-Date
07/8/13
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P/E TM
21.8x
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Dividend
$0.68
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Dividend Yield
1.14%
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intuit inc (INTU) Related Businessweek News
intuit inc (INTU) Details
Intuit Inc. provides business and financial management solutions for small businesses, consumers, accounting professionals, and financial institutions primarily in the United States, Canada, the United Kingdom, India, and Singapore. It offers QuickBooks financial and business management software and services; QuickBooks technical support; financial supplies; Demandforce, which provides online marketing and customer communication solutions; payroll products and services; merchant services, including credit and debit card processing; electronic check conversion and automated clearing house services; Web-based transaction processing services for online merchants; and GoPayment mobile payment processing services. The company also provides TurboTax income tax preparation products and services for consumers and small business owners; Lacerte and ProSeries professional tax products and services; and QuickBooks Premier Accountant Edition and the QuickBooks ProAdvisor Program for accounting professionals. In addition, it offers online and mobile banking solutions for financial institutions; Quicken line of desktop software products to reconcile bank accounts, pay bills, record credit card, and other transactions, as well as to track investments, mortgages, and other assets and liabilities; Mint personal finance service that shows various financial accounts in one online location; and Intuit Health online patient-to-provider communication solutions. The company sells its products and services through various sales and distribution channels, including Websites, promotions, call centers, and retail locations, as well as through alliance partners, principally banks, credit unions, and securities and investment firms. Intuit Inc. has a strategic alliance with Verizon Wireless to enable small businesses to process credit card payments on smartphones and tablets. The company was founded in 1983 and is headquartered in Mountain View, California.
intuit inc (INTU) Top Compensated Officers
intuit inc (INTU) Key Developments
Intuit Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended April 30, 2013. For the quarter, the company reported total net revenue of $2,178 million against $1,926 million a year ago. Operating income from continuing operations was $1,247 million against $1,111 million a year ago. Income before income taxes was $1,242 million against $1,108 million a year ago. Net income from continuing operations was $822 million against $736 million a year ago. Net income was $822 million against $734 million a year ago. Diluted net income per share from continuing operations was $2.71 against $2.43 a year ago. Diluted net income per share was $2.71 against $2.42 a year ago. Non-GAAP operating income from continuing operations was $1,351 million $1,154 million a year ago. Non-GAAP net income was $901 million against $763 million a year ago. Non-GAAP diluted net income per share was $2.97 against $2.52 a year ago. Net cash provided by operating activities was $1,449 million against $1,278 million a year ago. Purchases of property and equipment were $32,000 against $33,000 a year ago. For the period, the company reported total net revenue of $3,793 million against $3,500 million a year ago. Operating income from continuing operations was $1,271 million against $1,222 million a year ago. Income before income taxes was $1,254 million against $1,203 million a year ago. Net income from continuing operations was $842 million against $799 million a year ago. Net income was $874 million against $788 million a year ago. Diluted net income per share from continuing operations was $2.78 against $2.61 a year ago. Diluted net income per share was $2.89 against $2.58 a year ago. Non-GAAP operating income from continuing operations was $1,496 million $1,385 million a year ago. Non-GAAP net income was $992 million against $898 million a year ago. Non-GAAP diluted net income per share was $3.28 against $2.93 a year ago. Net cash provided by operating activities was $1,560 million against $1,428 million a year ago. Purchases of property and equipment were $147,000 against $125,000 a year ago. The company provides unaudited earnings guidance for the fourth quarter and full year ending July 31, 2013. For the quarter, the company expects on GAAP basis, revenue of $702 million to $727 million a year ago. Operating loss is expected to be in the range of $51 million to $31 million. Diluted loss per share is expected to be in the range of $0.11 to $0.07. On non-GAAP basis, the company expects revenue of $702 million to $727 million a year ago. Operating income is expected to be in the range of $14 million to $34 million. Diluted loss per share is expected to be in the range of $0.03 to $0.07. For the year, the company expects on GAAP basis, revenue of $4,495 million to $4,520 million a year ago. Operating income is expected to be in the range of $1,230 million to $1,250 million. Diluted loss per share is expected to be in the range of $2.77 to $2.81. On non-GAAP basis, the company expects revenue of $4,495 million to $4,520 million a year ago. Operating income is expected to be in the range of $1,510 million to $1,530 million. Diluted loss per share is expected to be in the range of $3.31 to $3.35. The company announced pre-tax and intangible asset impairment charge of $46 million.
Intuit Inc. announced its board of directors approved a new quarterly cash dividend of $0.17 to be payable on July 18 to shareholders of record as of the close of business on July 10.
Intuit Inc. announced that Kiran M. Patel, Executive Vice President and General Manager, Small Business Group, will be retiring from Intuit. Mr. Patel's retirement will be effective September 15, 2013. Intuit simultaneously announced that Daniel R. Maurer, Senior Vice President and General Manager, Consumer Group, will be taking on a new role at Intuit, as Senior Vice President and General Manager of Small Business Management Solutions, effective August 1, 2013.
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Industry Analysis
INTU
Industry Average
| Valuation | INTU | Industry Range |
| Price/Earnings | 22.0x |
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| Price/Sales | 3.9x |
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| Price/Book | 4.9x |
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| Price/Cash Flow | 18.8x |
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| TEV/Sales | 3.4x |
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Post a JobJobs
- San Diego, CA | IntuitPosted: May 22
- Menlo Park, CA | IntuitPosted: May 24
- Mountain View, CA | IntuitPosted: May 23
- Plano, TX | IntuitPosted: May 20
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