Summary
Intuit Inc. (INTU) reported its financial results for the second quarter and first half of fiscal year 2009, ending January 31, 2009. The company showcased resilience in a challenging economic environment, with specific segment performance indicating areas of strength. Investors should note the company's strategic focus on its core offerings and ongoing efforts to drive growth through innovation and customer acquisition. While the filing details standard financial statements and management's discussion, it also provides insight into market risks and legal proceedings, which are crucial for a comprehensive understanding of the company's operational landscape and potential challenges.
Financial Highlights
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Financial Statements
Beta
| Revenue | $773.00M |
| Cost of Revenue | $168.00M |
| Gross Profit | $605.00M |
| R&D Expenses | $140.00M |
| Operating Expenses | $494.00M |
| Operating Income | $111.00M |
| Interest Expense | $12.00M |
| Net Income | $85.00M |
| EPS (Basic) | $0.27 |
| EPS (Diluted) | $0.26 |
| Shares Outstanding (Basic) | 321.00M |
| Shares Outstanding (Diluted) | 326.00M |
Key Highlights
- 1The report covers financial performance for the three and six months ended January 31, 2009, comparing it against the prior year's periods, offering a clear view of year-over-year trends.
- 2Key financial statements including Statements of Operations, Balance Sheets, Stockholders' Equity, and Cash Flows are presented, providing a complete financial picture.
- 3Management's Discussion and Analysis (MD&A) section is crucial for understanding the drivers behind the financial results and the company's outlook.
- 4Disclosure of Market Risk provides insight into how Intuit manages financial risks like interest rate and foreign currency fluctuations.
- 5Risk Factors section highlights potential challenges and uncertainties that could impact Intuit's business and financial performance.
- 6Information on legal proceedings and unregistered sales of equity securities offers transparency on potential liabilities and capital management strategies.
Frequently Asked Questions
The provided excerpt does not contain specific revenue figures. Investors would need to refer to the 'Condensed Consolidated Statements of Operations' within the full 10-Q filing to find detailed revenue performance and year-over-year comparisons for the three and six months ended January 31, 2009.
The 'Risk Factors' section (Item 1A) of the 10-Q report details potential risks. These could include, but are not limited to, competitive pressures, economic downturns, changes in customer demand for tax and financial software, regulatory changes impacting tax preparation, and operational risks.
The 'Condensed Consolidated Balance Sheets' at January 31, 2009, will provide details on Intuit's assets, liabilities, and stockholders' equity. Investors should examine these figures to understand the company's liquidity, solvency, and overall financial health.
The 'Quantitative and Qualitative Disclosures about Market Risk' (Item 3) section explains Intuit's exposure to market risks such as interest rate fluctuations and foreign currency exchange rates, and the strategies employed to mitigate these risks.