Intuit Inc., located in the United States, is a financial software organization. Sasan Goodarzi is the CEO of the firm, which is based in Mountain View, California. Tax preparation software TurboTax, and personal financial app Mint are among Intuit’s offerings.
Intuit is a worldwide technological platform that assists its clients and communities in overcoming their most pressing financial issues. The Nasdaq Global Select Market is where Intuit’s common stock is traded. INTU is the ticker symbol. Since going public in March 1993, Intuit has had three stock splits: a two-for-one stock split on August 21, 1995, a three-for-one stock split on September 30, 1999, and another two-for-one stock split on June 21, 2006.
In 2020, the combined income of the QuickBooks Online and TurboTax Online platforms will be over $4.8 billion, representing a 22 percent increase. Revenue from the QuickBooks Online Ecosystem increased by 31% to $2.2 billion. If you’d invested 1,000 in Intuit Inc. (INTU) on July 27, 2011, today the investment would be worth $11,981.22 with an annual rate of return of 28.15% Your total profit from this investment would have been $10,981.
The United States’ growing economy is the driving force behind Intuits stock upswing in 2021. Consumers and companies with higher incomes are more willing to use Intuit’s tax and payment services. The company’s transition to cloud-based services like QuickBooks has aided in creating an optimal selling environment.
Following a solid quarterly earnings announcement in late May, investors are finding additional reasons to favor the company. Stockholders are also thrilled about the company receiving additional cash flow in the software services sector as a result of acquiring Credit Karma.
Should You Invest in Intuit Inc.?
Intuit’s consumer and self-employment software solutions have all witnessed a significant increase in sales. Operating income has also increased as profit margins have grown. If you want to understand more about stock investing, you should speak with a financial advisor.