Intuit lowers Q2 FY2022 revenue guidance to $2.66B due to slower tax season; reaffirms FY2022 outlook

INTUIT INC.

2022-Q2 EPS reported $1.16 revenue$4,680,000,000

Q2 revenue forecast cut to $2.660-2.665B from prior $2.719-2.749B range.
Small Business & Self-Employed and Credit Karma expected to deliver record Q2 revenues.
Consumer Group (TurboTax) revenue expected $405-410M, up from $147M a year ago.
Full fiscal 2022 revenue guidance reaffirmed at $12.165-12.300B (26-28% growth).
Mailchimp acquisition closed Nov 1, 2021; full Q2 results and guidance update on Feb 24.

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