Intuit Inc. (NASDAQ:INTU), the leading provider of financial software solutions, saw its stock surge 7.61% in pre-market trading on Wednesday, February 26th. This significant gain can be attributed to the company's impressive second-quarter fiscal 2025 results and robust performance during the ongoing tax season.
On Tuesday, February 25th, Intuit reported its Q2 financial performance, beating analysts' estimates across key metrics. The company's revenue grew by 17% year-over-year to $4 billion, surpassing the expected $3.83 billion. Intuit's non-GAAP diluted earnings per share (EPS) of $3.32 also exceeded the consensus estimate of $2.58, reflecting a 26% increase compared to the previous year.
The strong quarterly results were driven by Intuit's successful execution of its AI-driven expert platform strategy. The company's Intuit Assist platform, which delivers "done-for-you" experiences by automating tasks and connecting customers to AI-powered human experts, fueled growth across various segments. The Global Business Solutions group, which includes QuickBooks Online, witnessed a 19% revenue increase, while the Credit Karma segment saw a remarkable 36% revenue growth.
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