- Results – revenue $778M (+9.1% Y/Y, $21.89M above estimates), EPS $0.06 ($0.03 above estimates)
- Highlights – QuickBooks Online subscribers 1.6M (+41% Y/Y)
- Q2 projections – revenue $1.045B-$1.065B (+13%-15%) [consensus $997.8M], operating income $142M-$152M, EPS $0.33-$0.36 (consensus $0.34), QuickBooks Online subscribers 1.77M
- FY 2017 projections – revenue $5B-$5.1B (+7%-9%), operating income $1.675B-$1.725B, EPS $4.30-$4.40 (+14%-16%), QuickBooks Online subscribers 2M-2.2M
- Intuit (NASDAQ:INTU) chairman and CEO Brad Smith: "We are off to a strong start to the fiscal year with QuickBooks Online continuing to build momentum as we pursue large global market opportunities. Customer growth is expanding globally in Canada, the U.K., and Australia, and QuickBooks Self-Employed is contributing to category growth worldwide. It’s also time to gear up for tax season, and we’re investing in product innovation focused on driving customer growth and market share. In ProConnect we are focused on multiservice accountants who do both books and taxes for their customers so we can become the operating system behind accountant success. We also continue to promote a set of best practices and standards within the industry that help the Internal Revenue Service and the states to improve their ability to combat tax fraud."
- Prior quarters overview
- Conference call
- Press release
- 8-K
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