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Intuit: raises annual targets

(CercleFinance.com) - At its quarterly presentation on Tuesday evening, Intuit increased its FY targets, now aiming for adjusted EPS of 11.
68 to 11.74 dollars, i.e. growth of around 20%-21%, up from 18% to 20% growth forecast previously.

The accounting and management solutions provider expects revenue growth of around 31%-32% for FY 2021-22, compared to a previous target range of 26%-28%.

Intuit reported Q3 adjusted EPS that is up 26% at 7.65 dollars and adjusted operating income that is up 32% to 2.9 billion dollars, on revenue growth of 35% to 5.63 billion dollars.


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