Intuit (INTU) Revenue — Quarter Ended Oct 31, 2023
Revenue for the quarter rose compared to the same period a year earlier. The sequential trend from the immediately preceding quarter was also upward.
Key takeaway
Quarter ended Oct 31, 2023 · FY2024 Q1
Revenue for the quarter rose compared to the same period a year earlier. The sequential trend from the immediately preceding quarter was also upward.
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
+9.8%
Change from the immediately preceding quarter.
Year-over-year
+14.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.7B
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 |
|---|---|---|
| Jan 31, 2023 | $3B | +13.8% |
| Apr 30, 2023 | $6B | +6.9% |
| Jul 31, 2023 | $2.7B | +12.3% |
| Oct 31, 2023 | $3B | +14.7% |
Revenue performance
Revenue increased from the prior quarter and from the same quarter of the prior year. The filing text does not provide specific causal explanations for the direction.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. Against the same quarter one year earlier, revenue also rose.
What to watch
Investors may monitor the reported trend for revenue in future quarters for consistency.