Intuit Skies to Record High

<p>Shares in financial software company Intuit surged 10 percent to a record high Friday at &dollar;692&period;34 per share&period;<&sol;p>&NewLine;<p>Intuit is known for TurboTax&comma; QuickBooks&comma; Mint&comma; Credit Karma and Mailchimp&period; The company grew total revenue to &dollar;2&period;0 billion in its fiscal first quarter&comma; up from &dollar;1&period;3 billion the prior year&comma; including the addition of Credit Karma&period; Excluding Mailchimp&comma; the company expects revenue growth of 18 to 20 percent&comma; up from prior guidance of 15 to 16 percent&period; <a href&equals;"https&colon;&sol;&sol;www&period;zintego&period;com&sol;">Free online receipt generator<&sol;a><&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are off to a strong start in fiscal year 2022&comma; delivering on our strategy of becoming an AI-driven expert platform powering the prosperity of consumers and small businesses&comma;&&num;8221&semi; said Sasan Goodarzi&comma; Intuit&&num;8217&semi;s chief executive officer&period; &&num;8220&semi;We continue to see strong momentum and proof that our Big Bets are further positioning us for durable growth in the future&comma; and we&&num;8217&semi;re delighted that Mailchimp has joined Intuit&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Credit Karma&comma; which Intuit acquired last December for &dollar;8 billion&comma; had record revenues of &dollar;418 million in the quarter&period;<&sol;p>&NewLine;<p>Intuit&&num;8217&semi;s Small Business and Self-Employed Group &&num;8212&semi; made up of Quickbooks online accounting &&num;8212&semi; saw revenue increase 22 percent to &dollar;1&period;4 billion&period;<&sol;p>&NewLine;<p>Intuit said it projects 2022 total revenue of &dollar;12&period;165 billion to &dollar;12&period;300 billion&comma; growth of approximately 26 to 28 percent&comma; including Mailchimp as of Nov&period; 1 and a full year of Credit Karma&period;<&sol;p>&NewLine;<p>Intuit acquired e-mail marketing company MailChimp for &dollar;12 billion in a deal that closed this month&period;<&sol;p>&NewLine;<p>The company now has a stock market cap of &dollar;189 billion&period; Shares are up 86&percnt; for the year&period;<&sol;p>&NewLine;