Intuit First Quarter Revenue Grew 14 Percent; Company Provides Guidance for Fiscal 2021

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Intuit Inc. (Nasdaq: INTU), maker of TurboTax, QuickBooks and Mint, announced financial results for the first quarter of fiscal 2021, which ended Oct. 31.

“We had a strong start to the year as we continue to accelerate innovation on our A.I.-driven expert platform,” said Sasan Goodarzi, Intuit’s chief executive officer. “We delivered double-digit revenue growth in the quarter and are excited by the velocity of our innovation.”

Financial Highlights

For the first quarter, Intuit reported:

  • Total revenue of $1.3 billion, up 14 percent.
  • Small Business and Self-Employed Group revenue up 13 percent to $1.2 billion.
  • Small Business Online Ecosystem revenue grew 24 percent.
  • Consumer Group revenue grew 19 percent to $119 million.

Unless otherwise noted, all growth rates refer to the current period versus the comparable prior-year period, and the business metrics and associated growth rates refer to worldwide business metrics.

Snapshot of

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How Much Property Values Grew During Donald Trump’s Presidency

Despite Trump’s claim that he will boost property values, it’s not clear that those have grown that fast in places where he won handily in 2016 (Getty; iStock)

In July, President Trump announced that the Department of Housing and Urban Development would repeal an Obama-era rule requiring localities that receive federal funding to break down barriers to fair housing.

“I am happy to inform all of the people living their Suburban Lifestyle Dream that you will no longer be bothered or financially hurt by having low income housing built in your neighborhood,” Trump tweeted. “Your housing prices will go up based on the market, and crime will go down.”

Though it’s too soon to see the effects of the repeal, The Real Deal used election and housing data to see how property values changed across the country over the last four years.

In pitching himself as a protector of

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