INTU, market loves INTU

Forum|Forum|6 years ago
December 6, 2019
6 replies
32 views

hit yet another historical high today.. $ 231.84 intra-day high today. you can check my posts if you would like.. been a fan of INTU for years.. thank you INTU.

ProSeries Professional

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Best answer by IRonMaN

What's Backing the Rally?

Intuit is benefiting from solid growth in subscriber base of QuickBooks Online (QBO), which is driving its Small Business & Self-Employed segment, the major revenue contributor. In the last reported quarter, Online ecosystem revenues grew 43%, which led to a 20% year-over-year improvement in Small business revenues.

We note that strong adoption of QBO across domestic, international and self-employed sub-segments has been a tailwind. Notably, the company expects to add more subscribers in fiscal 2019 compared with fiscal 2018.

Moreover, Intuit with its QuickBooks Online Advanced is now starting to cater to an expanded group of customers, which include the mid-market or enterprise space, thereby leading to a new revenues stream.

Additionally, solid growth in Intuit's TurboTax Live offering is driving its Consumer business segment. On the last earnings call, management mentioned that in fiscal 2018, TurboTax Live led to 10% increase in acquisition of customers compared with the standard TurboTax Online offering.

Management is highly optimistic about the opportunities in TurboTax Live offering and expects its business to expand beyond tax with Turbo and Mint offerings.

We therefore expect these factors to help sustain stock momentum

QuickBooks and TurdoTax are Intuit's bread and butter, so do you think that they are going to pump up their programming for the professional tax software to prevent the issues we ran into last tax season? Some folks here may be trying to get rich off of their stock, personally I'm just trying to make a living off of their software. It would be nice if they left some of their breadcrumbs for their professional tax software.

IRonMaNAnswer

Level 15

What's Backing the Rally?

Intuit is benefiting from solid growth in subscriber base of QuickBooks Online (QBO), which is driving its Small Business & Self-Employed segment, the major revenue contributor. In the last reported quarter, Online ecosystem revenues grew 43%, which led to a 20% year-over-year improvement in Small business revenues.

We note that strong adoption of QBO across domestic, international and self-employed sub-segments has been a tailwind. Notably, the company expects to add more subscribers in fiscal 2019 compared with fiscal 2018.

Moreover, Intuit with its QuickBooks Online Advanced is now starting to cater to an expanded group of customers, which include the mid-market or enterprise space, thereby leading to a new revenues stream.

Additionally, solid growth in Intuit's TurboTax Live offering is driving its Consumer business segment. On the last earnings call, management mentioned that in fiscal 2018, TurboTax Live led to 10% increase in acquisition of customers compared with the standard TurboTax Online offering.

Management is highly optimistic about the opportunities in TurboTax Live offering and expects its business to expand beyond tax with Turbo and Mint offerings.

We therefore expect these factors to help sustain stock momentum

QuickBooks and TurdoTax are Intuit's bread and butter, so do you think that they are going to pump up their programming for the professional tax software to prevent the issues we ran into last tax season? Some folks here may be trying to get rich off of their stock, personally I'm just trying to make a living off of their software. It would be nice if they left some of their breadcrumbs for their professional tax software.

Slava Ukraini!