Intuit quarterly earnings beats estimates on AI-driven tool demand

Investing.com - Intuit Inc (NASDAQ: INTU) on Thursday reported a better-than-expected quarterly results helped by growing demand for its AI-driven financial management tools.

The maker of TurboTax, Credit Karma, and QuickBooks has capitalized on the rising adoption of its AI-driven offerings, which provide personalized financial recommendations and automate tasks like bookkeeping.

Revenue for the first quarter, ended Oct.31, grew about 10% to $3.28 billion, while the estimates were of $3.18 billion. Excluding items, it earned $2.50 per share, ahead of the consensus of $2.36 per share.

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