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Intuit Earnings Highlight Soaring Profits

TheMotleyFool

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Intuit Earnings Highlight Soaring ProfitsPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.theapi.app/temp/bee95973-d201-429b-849e-52867059bd1a.png

After market close on Thursday, Intuit (NASDAQ: INTU) reported strong fiscal first-quarter results. The financial software company's revenue increased 15% year over year, and non-GAAP (adjusted) earnings per share jumped 41% over the same time frame. Intuit's top and bottom lines both beat management's own guidance and analysts' forecasts.

The company's online ecosystem revenue, or revenue from its online small-business and self-employed software, continued to be its primary growth driver.

Here's a closer look at the results.

Source Fool.com

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