Intuit Inc (NASDAQ:INTU) stock rallies 13.12% (As on February 26, 11:23:35 AM UTC-4, Source: Google Finance) after the company topped Wall Street estimates and reiterated its full-year guidance. Global Business Solutions Group revenue grew to $2.7 billion, up 19 percent, and Online Ecosystem revenue increased to $2.0 billion, up 21 percent. Credit Karma revenue grew 36 percent to $511 million in the quarter, driven by strength in credit cards, personal loans, and auto insurance. Consumer Group revenue of $509 million was up 3 percent in the quarter.
INTU in the second quarter of FY 25 has reported the adjusted earnings per share of $3.32, beating the analysts’ estimates for the adjusted earnings per share of $2.58. The company had reported the adjusted revenue growth of 17 percent to $3.96 billion in the second quarter of FY 25, beating the analysts’ estimates for revenue of $3.83 billion.
For Q3, the company forecasts adjusted diluted earnings per share of $10.89 to $10.95 on revenue of $7.550B to $7.600B, compared with estimates for adjusted EPS of $11.53 on revenue of $7.51B. Looking ahead to 2025, adjusted EPS was guided in a range of $19.16 to $19.36 on revenue of $18.160B to $18.347B.
In addition, the company has also reiterated full fiscal year 2025 segment revenue guidance. Global Business Solutions Group growth is expected to be in the range of 16 to 17 percent. This includes Online Ecosystem revenue growth is expected to be in the range of approximately 20 percent, and Desktop Ecosystem revenue growth is expected to be in the range in the low single digits. Consumer Group growth is expected to be in the range of 7 to 8 percent. ProTax Group growth is expected to be in the range of 3 to 4 percent. Credit Karma growth is expected to be in the range of 5 to 8 percent.
Meanwhile, the company has increased its quarterly dividend by 16% 6o $1.04 per share, payable April 18, 2025. In the second quarter, the company has reported a total cash and investments balance of approximately $2.5 billion and $6.3 billion in debt as of January 31, 2025. The company entered into a $4.5 billion revolving credit facility on January 30, 2025 that it is using to fund its 5-Day Early refund offering. This facility expires on April 30, 2025. The company during the quarter repurchased $721 million of stock, and $3.6 billion remains on the company’s share repurchase authorization.