Intuit Reports Strong Full Year Results and Sets Fiscal 2022 Guidance
Performance led by strength across the platform, including Credit Karma, Small Business and Self-Employed Group and Consumer Group
MOUNTAIN VIEW, Calif. - Aug. 24, 2021 - Intuit Inc. (Nasdaq: INTU) announced financial results for the fourth quarter and full fiscal year 2021, which ended July 31.
"We had a very strong fourth quarter capping off an outstanding fiscal 2021," said Sasan Goodarzi, Intuit's chief executive officer. "Our momentum continues across the company with accelerated innovation focused on our customers' most important needs while creating durable growth opportunities for Intuit in the future."
For the fourth quarter, Intuit reported:
•Total revenue of $2.6 billion, up 41 percent from $1.8 billion in the prior year, including the addition of Credit Karma.
•Small Business and Self-Employed Group revenue grew by 19 percent to $1.3 billion and Online Ecosystem revenue grew by 30 percent.
•Consumer Group revenue of $852 million, compared to $710 million in the prior year.
•Credit Karma revenue of $405 million, a quarterly record for the business.
For the full year, including the addition of Credit Karma beginning December 3, Intuit reported:
•Total revenue to $9.6 billion, up 25 percent year-over-year, including 11 points from the addition of Credit Karma this year.
The following information was filed by Intuit Inc (INTU) on Tuesday, August 24, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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