“We have come out of the gate strong,” CEO Brad Smith said during a recent earnings webcast.
Revenue reached $1.17 billion, up 14.7 percent from slightly more than $1 billion in last year’s corresponding quarter.
The two major segments of Intuit’s operations both produced double-digit growth. The SMB and Self-employed division reported $736 million in revenue for the quarter, rising 19.1 percent from $618 million in the second quarter of fiscal 2017. The consumer business had revenue of $334 million, rising 11.7 percent from $299 million the prior year.Last modified on Friday, 02 March 2018