These include investment banking, legal, and accounting fees. When considering the impact of equity awards, we place greater emphasis on overall shareholder dilution rather than the accounting charges associated with those awards. As of July 31, 2020, Intuit and its bank partners helped make available just over $1.2 billion of approved small business loans to customers from the PPP through QuickBooks Capital. Non-GAAP diluted earnings per share of $5.90 to $5.95. A one-time restructuring charge of $43 million was recognized during the fourth quarter and included in both GAAP and Non-GAAP results. For the three and six months ended January 31, 2020, we recognized excess tax benefits on share-based compensation of $23 million and $52 million, respectively, in our provision for income taxes. By providing your email address below, you are providing consent to Intuit Inc. to send you the requested Investor Email Alert updates. This represents a 11 percent increase versus last year. Our platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions. Intuit Inc. (INTU) CEO Sasan Goodarzi on Q1 2020 Results - Earnings Call Transcript Nov. 21, 2019 • 1 Comment Intuit Inc. (INTU) CEO Sasan Goodarzi on Q4 2019 Results - Earnings Call Transcript These non-GAAP financial measures do not reflect a comprehensive system of accounting, differ from GAAP measures with the same names, and may differ from non-GAAP financial measures with the same or similar names that are used by other companies. We exclude from our non-GAAP financial measures gains and losses that we record when we impair available-for-sale debt and equity securities and other investments. The event will include presentations from Sasan Goodarzi, president and chief executive officer, Michelle Clatterbuck, chief financial officer, and other leaders. Intuit annual and quarterly earnings per share history from 2006 to 2020. Intuit (NASDAQ: INTU) releases its next round of earnings this Thursday, November 19.Here is Benzinga's essential guide to Intuit's Q1 earnings report. GAAP operating income of $2.065 billion to $2.115 billion, growth of 11 to 14 percent. The topline results were driven by a 17% increase in Small Business and Self-Employed Group and an 8% increase in Consumer … Based on our current long-term projections, we are using a long-term non-GAAP tax rate of 23% for fiscal 2019 and fiscal 2020. Sasan Goodarzi — Chief Executive Officer. karen_nolan@intuit.com, American Stock Transfer Gains and losses on debt and equity securities and other investments. Snapshot of Fiscal Year 2020 Full-year Results. More details about these and other risks that may impact our business are included in our Form 10-K for fiscal 2019 and in our other SEC filings. Do the numbers hold clues to what lies ahead for the stock? Dollars are in millions, except earnings per share. It expects to earn an adjusted $7.55 a share on sales of $7.49 billion. We believe our non-GAAP financial measures also facilitate the comparison by management and investors of results for current periods and guidance for future periods with results for past periods. Reflects the estimated adjustments in item [a], income taxes related to these adjustments, and other income tax effects related to the use of the non-GAAP tax rate. Intuit Inc. is estimated to report earnings on 02/22/2021. After submitting your request, you will receive an activation email to the requested email address. Transfer Agent. These factors include, without limitation, the following: our ability to compete successfully; our participation in the Free File Alliance; potential governmental encroachment in our tax businesses; our ability to adapt to technological change; our ability to predict consumer behavior; our reliance on third-party intellectual property; our ability to protect our intellectual property rights; any harm to our reputation; risks associated with acquisition and divestiture activity; the issuance of equity or incurrence of debt to fund an acquisition; our cybersecurity incidents (including those affecting the third parties we rely on); customer concerns about privacy and cybersecurity incidents; fraudulent activities by third parties using our offerings; our failure to process transactions effectively; interruption or failure of our information technology; our ability to maintain critical third-party business relationships; our ability to attract and retain talent; any deficiency in the quality or accuracy of our products (including the advice given by experts on our platform); any delays in product launches; difficulties in processing or filing customer tax submissions; risks associated with international operations; changes to public policy, laws or regulations affecting our businesses; litigation in which we are involved; the seasonal nature of our tax business; changes in tax rates and tax reform legislation; global economic changes; exposure to credit risk of the businesses we provide capital to; amortization of acquired intangible assets and impairment charges; our ability to repay outstanding debt; our ability to repurchase shares or distribute dividends; volatility of our stock price; and our ability to successfully market our offerings. From time to time, we sell or otherwise dispose of selected operations as we adjust our portfolio of businesses to meet our strategic goals. These non-GAAP financial measures include non-GAAP operating income (loss), non-GAAP net income (loss), and non-GAAP net income (loss) per share. Kim Watkins INTUIT INC. Intuit executives will discuss the financial results on a conference call at 1:30 p.m. Pacific time on Aug. 25. Reflects the estimated adjustments in item [c], income taxes related to these adjustments, and other income tax effects related to the use of the non-GAAP tax rate. This long-term non-GAAP tax rate excludes the income tax effects of the non-GAAP pre-tax adjustments described above, and eliminates the effects of non-recurring and period specific items which can vary in size and frequency. Increased Online Services revenue 23 percent, driven by QuickBooks Online payroll and QuickBooks Online payments. Revenue growth reflects a shift of a significant portion of tax filings and related revenue out of the third quarter and into the fourth quarter. See “About Non-GAAP Financial Measures” immediately following this Table E for information on these measures, the items excluded from the most directly comparable GAAP measures in arriving at non-GAAP financial measures, and the reasons management uses each measure and excludes the specified amounts in arriving at each non-GAAP financial measure. Intuit Inc. (NASDAQ: INTU) Q4 2020 Results Earnings Conference Call August 25, 2020 4:30 PM ET. A copy of the press release issued by Intuit today can be found on the investor relations page of Intuit's website. Please visit us for the latest news and in-depth information about Intuit and its brands and find us on social. We are a global financial platform company with products including TurboTax, QuickBooks, Mint and Turbo, designed to empower consumers, self-employed and small businesses to improve their financial lives. Growth was driven by QuickBooks Online payments, QuickBooks Capital, QuickBooks Online payroll and TSheets. Intuit repaid the outstanding balance of its $1 billion revolving credit facility on August 10. Photographs ©2018 Jeremy Bittermann Photography, Intuit Second Quarter Revenue Increased 13 Percent; Small Business Online Ecosystem Revenue Grew 35 Percent, http://investors.intuit.com/Events/default.aspx. kim_watkins@intuit.com, Media Gains and losses on debt and equity securities and other investments. ) Q4 2020 results on Aug 25 the investor alerts you are subscribed to by visiting the ‘ ’! 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