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INTU Sep 2024 900.000 call
| Previous close | 2.6000 |
| Open | 2.6000 |
| Bid | 0.5500 |
| Ask | 3.0000 |
| Strike | 900.00 |
| Expiry date | 2024-09-20 |
| Day's range | 2.6000 - 2.6000 |
| Contract range | N/A |
| Volume | |
| Open interest | 11 |
- Yahoo Finance Video
Small businesses are 'in pretty good shape': Intuit CFO
Since the beginning of the Biden-Harris administration, 18.1 million new business applications have been submitted. Intuit (INTU) CFO Sandeep Aujla joins Wealth! to discuss the state of small businesses and how the company is helping set up business owners for financial success. "Small businesses are actually in a pretty good shape. Their revenues over the last three months are up about 3%. When you look at year over year, their profits are up about 2% year over year. And a key leading indicator is how many hours their employees are working. And we are seeing that up about 4% year over year," Aujla explains. However, he notes that while cash reserves are down 8% year over year, small businesses are still in a good position as they are up 16% from the pre-COVID timeframe. Aujla adds, "The number one need of the small business, the area they're focused on the most, is helping me get and grow customers. And that's where we are really excited about what we're bringing to market through our innovations such as revenue intelligence." He explains that by combining data from QuickBooks and MailChimp, Intuit is uniquely positioned to aid owners in growing their businesses, improving their cash flows, and ensuring they get the tax benefits they're entitled to. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
- Yahoo Finance Video
How AI is transforming small businesses: Intuit CFO
As artificial intelligence seeps into all corners of the market, Intuit (INTU) CFO Sandeep Aujla joins Wealth! to discuss how these technological developments can trickle through to small businesses. "When you think about AI for small businesses, there are really two key areas we're focused on: helping them save time because they'd rather run their business than do their accounting or manage their cash flows, and two, helping them improve their cash flows because that's the number one indicator of success or failure for small businesses," Aujla states. He points to Intuit Assist, the company's generative AI engine that helps drive experiences for small businesses. "We are looking at turning photos of receipts into entries into QuickBooks. We are taking vendor PDFs and turning those into bills that small businesses can then pay electronically. We're taking the email threads and the handwritten notes and translating them into electronic estimates or invoices that they can send pay-enabled and get paid a lot faster on our platform," he explains. He adds that MailChimp and QuickBooks are combining data points to help small business owners understand and target their customers better to maximize their revenue potential. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
ZacksIntuit (INTU) Expands IDEAS Program to Help Small Businesses
Intuit (INTU) broadens its IDEAS Program in collaboration with the Los Angeles Urban League to help small businesses by providing free access to its products.
