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FINX - Intuit: Higher Upside On Robust Double-Digit Growth
Global X FinTech ETF
Following our previous analysis, the company had solidified its market share to 28.5% in 2021, behind Microsoft, and we projected its accounting software revenue growth of 16.6% in 2022.
Also, the company’s tax software market leadership strengthened as its market share increased to 73% and we projected its revenues to grow by 8.3% in 2022.
Through the acquisition of MailChimp, we expect a revenue contribution of 6.8% of total revenue in 2022 and estimated revenue synergies of $22.8 mln.