TECH - Intuit Q3 Earnings Beat Estimates Revenues Rise Y/Y | Benzinga
Intuit (NASDAQ: INTU) reported fiscal third-quarter 2024 non-GAAP earnings of $9.88 per share, which beat the Zacks Consensus Estimate by 5.78%. The bottom line jumped 11% from the year-ago quarter.
Revenues of $6.73 billion beat the consensus mark by 1.54% and increased 12% year over year.
Intuit Inc. Price, Consensus and EPS Surprise
Intuit Inc. price-consensus-eps-surprise-chart | Intuit Inc. Quote
Quarter Details
Small Business and Self-Employed Group revenues (35.4% of total revenues) grew 18% year over year to $2.38 billion.
Within the segment, total Online Ecosystem revenues climbed 19% year over year to $1.8 billion.
QuickBooks Online Accounting revenues were up 19% year over year to $860 million, driven primarily by customer growth, higher effective prices and a mix-shift to INTU's full-service offering.
Online Services revenues, which include payroll, payments, time tracking and capital, jumped 20% year over year to $894 million. This was driven by strong performances of Mailchimp, QuickBooks Online Payroll and QuickBooks Online payments solutions.
Total international online revenues increased 12% year over year on a constant-currency basis.
Total Desktop Ecosystem revenues ...