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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Apple sees $111 billion in market value erased on disappointing 4th quarter iPhone sales and lack of forward guidance

  • Apple shares fell as much as 5.6% on Friday after the tech giant’s fiscal fourth-quarter figures failed to meet analysts’ expectations.
  • The slide saw as much as $111 billion erased from Apple’s market cap.
  • The company beat estimates for overall revenue and profit, but iPhone sales landed below hopes.
  • Apple’s updated phone lineup was released roughly one month later than usual, ensuring that sales of the new models will first materialize in its current-quarter report.
  • The company stopped short of providing forward guidance for the third consecutive quarter. While finance chief Luca Maestri praised new phone sales as “off to a great start,” the lack of official guidance rankled investors.
  • Watch Apple trade live here.

Apple sank as much as 5.6% on Friday after the company’s fiscal fourth-quarter report fell just short of analyst expectations.

The tech giant beat estimates

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Glaring Gap Between Vit D Guidance and Practice in Care Homes

Vitamin D supplementation in elderly care home residents is largely viewed as a “medicine” rather than a protective nutrient, risking vitamin D deficiency in this particularly vulnerable population, say British public health scientists.

Writing in BMJ Nutrition Prevention & Health, they stress an urgent review is needed of the nutritional guidelines and regulations in England on the use of the vitamin in elderly residential care homes.

Vitamin D supplementation “needs a professional separation from medicine and reframing as a matter of public health nutrition as well as a medical responsibility,” emphasizes Joe Williams, MSc Public Health graduate, Brighton University, UK, and colleagues.

The findings reveal “both a failure to implement evidence-based recommendations and a social injustice in urgent need of public health advocacy and resolution,” they emphasize.

For 30 years, vitamin D 10 µg as a daily supplement has been endorsed for care home residents. In 2016, the recommendations

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