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Stock impact report

Intuit's CFO isn't flinching at AI. He says it's fueling the company's next growth phase [Fortune]

Chewy, Inc. Class A (CHWY) 
Last chewy, inc. class a earnings: 12/9 04:15 pm Check Earnings Report
Company Research Source: Fortune
That's according to CFO Sandeep Aujla, who says the company's three long-standing bets on expert help, data-driven insights, and owning the center of customer cash flow are becoming stronger as AI tools mature. Intuit, No. 258 on the Fortune 500, and the company behind TurboTax, Credit Karma, and QuickBooks, reported fiscal second-quarter results for the period ending Jan. 31 that topped expectations. Revenue rose 17% year-over-year to $4.7 billion, above the projected 14.5% growth rate. Non-GAAP EPS was $4.15, topping Wall Street estimates. The company projected continued revenue growth in the third quarter, though EPS guidance was slightly below expectations. Aujla attributed the results to a tight focus on several “critical” priorities: executing for customers, deepening Intuit's AI platform, and expanding further upmarket. The company's earnings performance, he added, pushes back against the idea that AI is weakening traditional software business models. Earlier this month, Show less Read more
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