Early Access

10-QPeriod: Q2 FY2009

INTUIT INC. Quarterly Report for Q2 Ended Jan 31, 2009

Filed March 2, 2009For Securities:INTU

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 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.

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