Intuit (INTU) Revenue — Quarter Ended Jan 31, 2023
Revenue increased this quarter compared to the prior quarter. On a year-over-year basis, revenue was also higher than the same quarter a year ago.
Key takeaway
Quarter ended Jan 31, 2023 · FY2023 Q2
Revenue increased this quarter compared to the prior quarter. On a year-over-year basis, revenue was also higher than the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
+17.1%
Change from the immediately preceding quarter.
Year-over-year
+13.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 30, 2022 | $5.6B | +35.0% |
| Jul 31, 2022 | $2.4B | -5.7% |
| Oct 31, 2022 | $2.6B | +29.4% |
| Jan 31, 2023 | $3B | +13.8% |
Revenue performance
Revenue for the quarter was reported higher than the immediately preceding quarter, reversing the sequential decline seen in the prior period.
Quarterly comparison
Compared with the same quarter one year earlier, revenue grew, with the pace of year-over-year increase consistent with the trend observed at that prior-year point.
What to watch
The sequential revenue recovery warrants attention in the context of the company's typical seasonal patterns.