Intuit Inc. (INTU) CEO Sasan Goodarzi on Q3 2022 Results - Earnings Call Transcript

Intuit Inc. (NASDAQ:INTU) Q3 2022 Earnings Conference Call May 24, 2022 4:30 PM ET

Company Participants

Kim Watkins - Vice President, Investor Relations

Sasan Goodarzi - Chief Executive Officer

Michelle Clatterbuck - Chief Financial Officer

Conference Call Participants

Siti Panigrahi - Mizuho

Keith Weiss - Morgan Stanley

John Byun - Jefferies

Kash Rangan - Goldman Sachs

Daniel Jester - BMO Capital Markets

Strecker Backe - Wolfe Research

Scott Schneeberger - Oppenheimer

Kartik Mehta - Northcoast Research

Brad Reback - Stifel

Operator

Good afternoon. My name is Latif and I will be your conference facilitator. At this time, I would like to welcome everyone to Intuit’s Third Quarter Fiscal Year 2022 Conference Call. [Operator Instructions] With that, I will now turn the call over to Kim Watkins, Intuit’s Vice President of Investor Relations. Ms. Watkins?

Kim Watkins

Thanks, Latif. Good afternoon and welcome to Intuit’s third quarter fiscal 2022 conference call. I am here with Intuit’s CEO, Sasan Goodarzi; and Michelle Clatterbuck, our CFO.

Before we start, I’d like to remind everyone that our remarks will include forward-looking statements. There are a number of factors that could cause Intuit’s results to differ materially from our expectations. You can learn more about these risks in the press release we issued earlier this afternoon, our Form 10-K for fiscal 2021 and our other SEC filings. All of those documents are available on the Investor Relations page of Intuit’s website at intuit.com. We assume no obligation to update any forward-looking statement.

Some of the numbers in these remarks are presented on a non-GAAP basis. We have reconciled the comparable GAAP and non-GAAP numbers in today’s press release. Unless otherwise noted, all growth rates refer to the current period versus the comparable prior year period and the business metrics and associated growth rates refer to worldwide business metrics. A copy of our prepared remarks and supplemental financial information will be available on our website after this call ends.

And with that, I will turn the call over to Sasan.

Sasan Goodarzi

Thanks, Kim and thanks to all of you for joining us today. I am proud of our continued momentum as we execute on our strategy to be the global AI-driven expert platform powering the prosperity of consumers and small businesses. We have a nearly $300 billion addressable market driven by tailwinds that include shifts to virtual solutions, acceleration to online and omnichannel capabilities and digital money offerings. This, combined with the team’s execution, is contributing to the strength of our performance.