Report
Andrew Lange
EUR 147.86 For Business Accounts Only

Continued Momentum for Intuit’s Online Ecosystem, Remains Solid in Tax Segment but Shares Overvalued

Intuit reported a good end to the fiscal year with continued momentum for its small business online ecosystem. QuickBooks Online subscriber growth was healthy with the firm finishing the year with 1.5 million paid subscribers, helping support the company’s cloud-based vision and international growth aspirations. Online product adoption remains a key component behind Intuit’s long-term growth and we think the firm has performed well in transitioning existing and attracting new customers to the on...
Underlying
Intuit Inc.

Intuit helps consumers, small businesses, and the self-employed prosper by delivering financial management and compliance products and services. The company also provides tax products to accounting personnels, who are main partners that help the company serves small business customers. The company organizes its businesses into three reportable segments: Small Business and Self-Employed, which provides QuickBooks financial management solutions to solve financial and compliance problems; Consumer, which includes TurboTax products and services to prepare and file income tax returns; and Strategic Partner, which includes professional tax offerings and serve professional accountants in United States and Canada.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

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