Intuit Inc. (NASDAQ: INTU) announced financial results Thursday for the first quarter of fiscal 2015, which ended October 31. Revenue came in at $672 million, above estimates of $620.78 million and up from the $622 million reported in the year-ago period.
Non-GAAP EPS was $(0.10), a narrower loss than the estimated $(0.20) but greater than the $(0.06) reported in the year-ago period.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
“We began fiscal 2015 on a strong note. Our shift to the cloud continues to accelerate customer growth, led by QuickBooks Online,” said Brad Smith, Intuit’s president and chief executive officer. “We’re also gearing up for tax season and are looking forward to our lineup of innovative solutions coming to market."
The company reiterated full year guidance and for the second quarter of fiscal 2015 expected revenue of $780 million to $800 million and a Non-GAAP loss per share of $0.11 to $0.13 with QuickBooks Online subscribers of approximately 800,000.
Intuit traded at $90.74 in the after-hours session, up a penny.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.