Revenue Analysis
INTU’s Total and Operating Revenues show growth from $2.712 billion in July 2023 to $3.386 billion in January 2024. The Gross Profit has also increased from $1.999 billion in July 2023 to $2.531 billion in January 2024, indicating improved efficiency in generating revenue from its operations.
Cost Management
Cost of Revenue steadily increased from $713 million in July 2023 to $855 million in January 2024. Operating Expenses and Total Expenses have also seen an increment; Operating Expense increased from $1.982 billion in July 2023 to $2.162 billion in January 2024, and Total Expenses from $2.695 billion to $3.017 billion in the same period, indicating rising costs associated with expanded operations.
Profitability Analysis
INTU’s EBITDA grew significantly from $260 million in July 2023 to $603 million by January 2024. Operating Income followed a similar upward trend from $17 million to $369 million. Pretax Income also improved markedly from -$5 million in July 2023 to $354 million by January 2024. Net Income showed substantial growth, from $89 million in July 2023 to $353 million in January 2024.
Cash Flow Indicators
Reconciled Depreciation figures remained stable around $120 million to $192 million through the periods. Interest Expense, however, showed fluctuations but general growth, moving from $70 million in July 2023 to $57 million by January 2024.
Taxation
Tax Rates have varied, with a notable reduction in January 2024 to 0.002825. Tax Provisions ranged from a deduction of $94 million in July 2023 to a charge of $1 million by January 2024, reflecting changes in profitability and tax strategies.
Shareholder Metrics
Diluted EPS increased from 0.32 in July 2023 to 1.25 by January 2024, while Basic EPS showed similar trends. Average shares stayed relatively consistent around 283 million diluted and 280 million basic, with Net Income Available to Common Stockholders increasing significantly in line with Net Income growth.
Conclusion
INTU has demonstrated robust financial performance with significant improvements in revenues, profitability, and shareholder returns over the observed periods. Continued attention to cost management and operational efficiency may be critical to sustaining these positive trends amid rising operational costs.
Appendices
Supporting data tables and calculations based on provided financial figures are referenced throughout the analysis.