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Intuit Hosts Investor Day: Reaffirms First-quarter and Fiscal 2020 Guidance
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit Inc. (Nasdaq: INTU) reaffirmed its financial guidance for the first quarter and full fiscal year 2020 in
About this update from Intuit Inc.
[{"type":"text","content":" MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--\nIntuit Inc. (Nasdaq: INTU) reaffirmed its financial guidance for the first quarter and full fiscal year 2020 in conjunction with Investor Day, being held today at the company’s Mountain View, Calif., headquarters. The company's fiscal year runs from Aug. 1 to July 31.\n\n\nChief Executive Officer Sasan Goodarzi, Chief Financial Officer Michelle Clatterbuck, Executive Vice President and General Manager, Small Business and Self-Employed Group Alex Chriss and Executive Vice President and General Manager, Consumer Group Greg Johnson will discuss Intuit’s priorities in support of its mission of powering prosperity around the world. The meeting begins at 8:15 a.m. Pacific time.\n\n\n“We completed fiscal 2019 with strong momentum across our businesses and we expect that to continue into fiscal 2020. We’re looking forward to meeting with the investment community and discussing how we will deliver more value to our customers – and address their biggest pain points,” said Goodarzi.\n\n\nIntuit’s strategy is to build on the strength of the One Intuit Ecosystem, designed to unlock the power of many for the prosperity of each and every person. Operating as a global financial platform company by connecting consumers and small businesses with partners and experts, Intuit aspires to become an A.I.-driven expert platform. By connecting people and technology, the company will deliver awesome experiences for customers.\n\n\nReiterates First-quarter and Fiscal 2020 Guidance\n\n\nIntuit reiterated the first-quarter and full-year fiscal 2020 guidance, previously announced on Aug. 22. For the first quarter of fiscal year 2020, which ends Oct. 31, the company expects:\n\n\n\nRevenue of $1.105 billion to $1.125 billion, growth of 9 to 11 percent.\n\n\nGAAP operating loss of $40 million to $50 million.\n\n\nNon-GAAP operating income of $65 million to $75 million.\n\n\nGAAP loss per share of $0.02 to $0.04.\n\n\nNon-GAAP diluted earnings per share of $0.23 to $0.25.\n\n\n\nFor full fiscal year 2020, the company expects:\n\n\n\nRevenue of $7.440 billion to $7.540 billion, growth of 10 to 11 percent.\n\n\nGAAP operating income of $2.065 billion to $2.115 billion, growth of 11 to 14 percent.\n\n\nNon-GAAP operating income of $2.515 billion to $2.565 billion, growth of 10 to 12 percent.\n\n\nGAAP diluted earnings per...