A quarter ago, I thought that Intuit (Nasdaq:INTU)
was underestimated and underappreciated by the Street. True, the
company was (and is) facing challenges in getting the consumer tax
business back to better growth and not all of the company's efforts to
diversify and grow the business had worked out to plan. But Intuit still
has a valuable business with strong market share that produces almost
annuity-like cash flow streams. While the shares have outperformed the
S&P 500 by about 10% since my last bullish call, I remain confident
that there's more to be gained from the company's strategic
readjustment.
Please follow this link to continue reading:
http://www.investopedia.com/stock-analysis/082113/intuit-refocusing-what-it-does-best-intu-ctct-crm-payx.aspx
Showing posts with label HR Block. Show all posts
Showing posts with label HR Block. Show all posts
Wednesday, August 21, 2013
Tuesday, November 22, 2011
Investopedia: Intuit A Stealth Play On Multiple Growth Markets
Intuit (Nasdaq:INTU) is still, likely, best known for its tax software, and the various small to medium-sized business software packages (like QuickBooks) that it offers. What is not so well-known, though, is that Intuit is actually a large software as a service (SaaS) provider, and a growing player in markets like payroll, payment solutions and bank infrastructure. While Intuit likely suffers a bit from "neither fish nor fowl syndrome," and less impressive growth than cloud computing titans like Salesforce.com (NYSE:CRM) and VMware (NYSE:VMW), this is a surprisingly complicated yet high-return company.
Decent Results in a Slow First Quarter
For better or worse, Intuit is still at a point in its life cycle where seasonality matters. To that end, this fiscal first quarter, a quarter in which there is little demand for tax software, is a fairly sleepy one. Nevertheless, reported revenue rose 12%, and the company posted a 13% growth in its small business segment, as subscriber growth for products like QuickBooks Online, QuickBooks Enterprise Solutions and online payroll was all quite good.
Read the full article here:
http://stocks.investopedia.
Decent Results in a Slow First Quarter
For better or worse, Intuit is still at a point in its life cycle where seasonality matters. To that end, this fiscal first quarter, a quarter in which there is little demand for tax software, is a fairly sleepy one. Nevertheless, reported revenue rose 12%, and the company posted a 13% growth in its small business segment, as subscriber growth for products like QuickBooks Online, QuickBooks Enterprise Solutions and online payroll was all quite good.
Read the full article here:
http://stocks.investopedia.
Subscribe to:
Posts (Atom)