Similar companies
Company | Revenue | |
---|---|---|
![]() |
ZoomZM |
1.14B 0.5% |
![]() |
DocusignDOCU |
709M 0.2% |
![]() |
WorkdayWDAY |
1.96B 3.3% |
![]() |
AutodeskADSK |
1.42B 3.5% |
![]() |
DomoDOMO |
76M 23.2% |
Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 6.68B | 100.5% |
Gross Profit | 4.75B | 162.1% |
Cost of Revenue | 1.93B | 27% |
Operating expense | 2.57B | 18.6% |
Net Income | 2.39B | 576.8% |
EBITDA | 3.25B | 512.4% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 31.6B | 6.3% |
Total Liabilities | 12.8B | 0.2% |
Total Equity | 18.8B | 10.9% |
Shares Outstanding | 280M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 3.95B | 544.5% |
Cash from investing | -219M | 744.1% |
Cash from financing | -1.68B | 10425% |
EPS
Financial Highlights for Intuit in Q2 '24
Intuit reported a revenue of 6.68B, which is a 100.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 4.75B, marking a 162.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.93B, a 27% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.57B, showing a 18.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.39B, showing a 576.8% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 3.25B, showing a 512.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Intuit with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.