Intuit's AI-Powered Financial Tools Boost Revenue

Intuit, the financial software giant behind TurboTax and QuickBooks, is poised for a strong second-quarter, with revenue growth surpassing Wall Street expectations. This surge in demand is driven by the increasing popularity of AI-powered financial tools, as customers seek personalized advice and automated solutions for managing their money and business finances.In a significant move, Intuit has partnered with OpenAI for a multi-year deal worth over one hundred million dollars. This collaboration will enable Intuit to leverage OpenAIs advanced AI models to enhance its own AI agents, making financial management more hands-off for users.Intuit is also expanding its done-for-you services, which combine AI and expert assistance to help customers with various financial tasks, from managing sales leads to optimizing cash flow. The company has also appointed new board members, including the CEOs of ServiceNow and Nasdaq, with Intuits current CEO, Sasan Goodarzi, set to become board chair in January 2026.While Intuits adjusted earnings per share for the quarter fell slightly short of estimates, the companys first-quarter revenue and adjusted earnings per share both exceeded expectations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.