Intuit Inc. (NASDAQ: INTU) saw its stock price surge over 5% in the after-hours trading session on Tuesday following the release of impressive second-quarter financial results for fiscal 2025. The company, renowned for its tax preparation software TurboTax and accounting solutions QuickBooks, reported significant revenue and earnings growth, driven by the strong performance of its AI-driven platform.
Intuit's second-quarter revenue climbed 17% year-over-year to $4 billion, surpassing analysts' estimates of $3.83 billion. The company's adjusted earnings per share (EPS) soared to $3.32, beating consensus estimates of $2.58 and representing a 26% increase compared to the same period last year. The robust financial performance was fueled by the strong demand for Intuit's AI-driven financial services software, including TurboTax, Credit Karma, and QuickBooks. The ongoing tax season in the U.S. also boosted demand for the company's tax-preparation software.
Chief Executive Sasan Goodarzi highlighted the company's progress in "fueling the financial success of consumers, businesses, and accountants with our AI-driven expert platform." Intuit's AI-powered assistant, Intuit Assist, delivered "done-for-you" experiences by completing tasks, automating end-to-end workflows, and connecting customers to AI-powered human experts, driving productivity and prosperity for its users.
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