Intuit Inc. (NASDAQ:INTU) Q1 2025 Earnings Call Transcript November 21, 2024 4:30 PM ET

Company Participants

Kim Watkins - VP of IR
Sasan Goodarzi - CEO
Sandeep Aujla - CFO

Conference Call Participants

Brad Zelnick - Deutsche Bank
Keith Weiss - Morgan Stanley
Siti Panigrahi - Mizuho
Scott Schneeberger - Oppenheimer
Raimo Lenschow - Barclays
Taylor McGinnis - UBS
Michael Turrin - Wells Fargo Securities
Alex Zukin - Wolfe Research
Brad Reback - Stifel
Brent Thill - Jefferies
Mark Murphy - JPMorgan

Operator

Good afternoon. My name is David, and I will be your conference operator. At this time, I would like to welcome everyone to Intuit’s First Quarter Fiscal Year 2025 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer period. [Operator Instructions] With that, I will now turn the call over to Ms. Kim Watkins, Intuit’s Vice President of Investor Relations. Ms. Watkins?

Kim Watkins

Thanks, David. Good afternoon and welcome to Intuit’s first quarter fiscal 2025 conference call. I’m here with Intuit's CEO, Sasan Goodarzi, and our CFO, Sandeep Aujla.

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 2024 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’ve 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.

With that, I’ll turn the call over to Sasan.

Sasan Goodarzi

Great. Thank you, Kim, and thanks to all of you for joining us today. It was wonderful to see many of you at Investor Day. We hope you were inspired by our momentum and innovation that demonstrate the power of our AI-driven expert platform strategy, which is delivering tangible benefits for our customers and fueling Intuit’s growth. With that as context, let’s talk about the first quarter.