Intuit forecasts fiscal 2025 revenue above Wall Street estimates, driven by increased demand for its AI-driven financial management tools.
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Intuit announces 1800 job cuts – about 10% of the company’s total headcount, selecting 1050 employees who don’t meet expectations. Intuit stock fell 2.57% to close at $632.84 in early trading Wednesday, up 1.25% year-to-date, compared with a 23.3% gain on the Nasdaq Commodities (Nasdaq COMP).
Intuit stands out by a series of financial software, including QuickBooks, TurboTax and AI-powered Intuit Assist.