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Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts' estimates due to some sales getting delayed. Intuit called for second-quarter earnings of $2.55 to $2.61 per share, with $3.81 billion to $3.85 billion in revenue. At Thursday's close, Intuit shares were up about 9% so far in 2024, while the S&P 500 has gained almost 25% in the same period. On Tuesday Intuit shares slipped 5% after The Washington Post said U.S. President-elect Donald Trump's proposed Department of Government Efficiency had discussed developing a mobile app for federal income tax filing. WATCH: H&R Block, Intuit shares fall after report Trump admin considering a free tax-filing app
Persons: Sasan Goodarzi, LSEG, Sandeep Aujla, Aujla, Donald Trump's, CNBC's Jon Fortt, Goodarzi, he's Organizations: Intuit, Global Business Solutions Group, Small, Washington Post, Government Efficiency, CNBC, Trump Locations: Los Angeles, MailChimp, Thursday's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntuit CEO says it is 'excited to partner with DOGE' on simplified tax codeIntuit CEO Sasan Goodarzi joins 'Closing Bell Overtime' to talk quarterly results, the incoming administration, and more.
Persons: DOGE, Sasan Goodarzi Organizations: Intuit
Intuit's CEO wrote in an email to staff that 1,050 of 1,800 cut employees didn't meet expectations. The company is moving forward with a reorganization plan to focus on "key growth areas" like AI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We've significantly raised the bar on our expectations of employee performance," the CEO wrote in the email included in an SEC filing. CEO Sasan Goodarzi added in the email that the company believes the staff would find more success elsewhere, the report said.
Persons: , We've, Sasan Goodarzi Organizations: Service, Intuit, SEC, Business
CEO Brian Niccol told Cramer that's not the case. CEO Ernie Garcia "pulled the rabbit out of a hat," Cramer said. "This is a classic case of whenever you sell these stocks ... you end up regretting it," Cramer said. They have no credit risk. I don't think you downgrade these stocks going into a slowdown where you might have credit risk."
Persons: Jim Cramer's, Sasan Goodarzi, Jim Cramer, Jack Hartung, He'll, Adam Rymer, Cramer, Chipotle, Brian Niccol, Cramer that's, Monish Patolawala, Bill Brown, Needham, Ernie Garcia Organizations: CNBC, Club, Intuit, Karma, Archer, Daniels, Midland, Mastercard, Visa, Bank of America
Intuit CEO: We're doing more with less investments thanks to AI
  + stars: | 2024-05-23 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntuit CEO: We're doing more with less investments thanks to AIIntuit CEO Sasan Goodarzi joins 'Closing Bell Overtime' to talk AI integration, quarterly results, what's ahead for the company and more.
Persons: Sasan Goodarzi Organizations: Intuit
And providing that financial assistance, Goodarzi said during an investors conference in December, represents a $30 billion opportunity that Intuit has not claimed. But TurboTax competitor H&R Block is also reaching for this opportunity, and has gone on the offensive with its own AI-powered tax assistant, released in December. A bevy of new H&R Block ads tout the assistant, and takes a shot at TurboTax: "So long, TurboTax!" "Comparative marketing is a common practice and we've used it for many years to help consumers easily see the benefits of working with H&R Block," an H&R Block spokesperson said. "People just aren't aware, because of how strongly we grew the do-it-yourself perception within TurboTax," Balazs said.
Persons: TurboTax, Lara Balazs, there's, Sasan Goodarzi, Goodarzi, Balazs, DJ Stout, we've Organizations: Intuit, Business, Karma ., Intuit Assist Locations: TurboTax
Watch CNBC's full interview with Intuit CEO Sasan Goodarzi
  + stars: | 2023-11-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Intuit CEO Sasan GoodarziIntuit CEO Sasan Goodarzi joins 'Squawk on the Street' to discuss the company's quarterly earnings results, an update on the company's artificial intelligence capabilities, and more.
Persons: Sasan, Sasan Goodarzi Organizations: Intuit
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSmall businesses are thriving and being challenged in this environment, says Intuit CEOIntuit CEO Sasan Goodarzi joins 'Squawk on the Street' to discuss the company's quarterly earnings results, an update on the company's artificial intelligence capabilities, and more.
Persons: Sasan Goodarzi
Intuit CEO Sasan Goodarzi goes one-on-one with Jim Cramer
  + stars: | 2023-10-11 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Intuit CEO Sasan Goodarzi goes one-on-one with Jim Cramer'Mad Money' host Jim Cramer talks to Intuit CEO Sasan Goodarzi on investing in AI, introducing AI to small business and on Credit Karma.
Persons: Sasan Goodarzi, Jim Cramer, Sasan Organizations: Intuit, Karma
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntuit CEO: Our innovation has been fueled by investments in data and AIIntuit CEO Sasan Goodarzi joins 'Squawk on the Street' to discuss why the company's stock is up $100 since May, if the Street is attached to use cases for AI, and Goodarzi's broader view on consumer health.
Persons: Sasan Goodarzi Organizations: Intuit
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIn the past 8 months credit scores are down and credit card usage is up: Intuit CEO Sasan GoodarziSasan Goodarzi, Intuit CEO, joins 'Closing Bell Overtime' to talk Intuit's OpenAi partnership, the state of the consumer and small businesses.
Persons: Sasan Goodarzi Organizations: Intuit
The Big Number: 49%
  + stars: | 2023-06-04 | by ( Emma Goldberg | ) www.nytimes.com   time to read: 1 min
Business leaders have often found that the best way to fill the office is to remind employees of its social promise. “They actually forgot how great it was to actually interact with human beings,” said Sasan Goodarzi, the head of Intuit, which has allowed teams and managers to set return to office expectations. Maybe the biggest R.T.O. perk of all is the people. But that requires figuring out how to get those people to come back.
Persons: , , Sasan Goodarzi Organizations: Intuit
Almost 300,000 staff have been laid off by tech firms since the start of 2022, per Layoffs.fyi. Those mass layoffs are down to companies misunderstanding the pandemic, says Intuit's CEO. "There's nothing for these people to do — they're really — it's all fake work," Rabois said at the time. However, Goodarzi told Insider that mass layoffs had in fact unnerved the remaining star talent at major tech firms, particularly in AI. Hiring, he said, had "actually become easier because of all the tech layoffs, because of the uncertainty the layoffs have caused."
Persons: miscalculating, Sasan Goodarzi, Goodarzi, Mark Zuckerberg, Zuckerberg, Keith Rabois, Elon Musk, Rabois Organizations: Intuit, Companies, Meta, Google, Facebook, Twitter
Goldman Sachs' M&A team operates under a similar mandate, albeit with a few more zeros. Why bother stressing over 10 $1 billion deals when you can just do a $10 billion deal? It's not just the M&A market that's facing issues. The bank has held the top spot on the year-end M&A league tables for decades, but it is hearing footsteps. More on Goldman's M&A strategy amid an industry drought.
Duane Carlisle trains CEOs and NFL officials. He is a former coach for the San Francisco 49ers. He's the former head strength-and-conditioning coach for the San Francisco 49ers. His clients, many of whom require him to sign nondisclosure agreements, include leaders such as Sasan Goodarzi, the CEO of Intuit. I work with CEOs, high-profile executives, and NFL officials as a high-performance coach.
The Inflation Reduction Act passed last summer allots funds to explore a free federal tax filing service. The head of TurboTax's parent company says that a government-run tax filing service would be unethical. Intuit, a global financial technology platform, owns TurboTax, one of the leading paid tax filing services. In the US, tax filing services like TurboTax and H&R Block spend millions of dollars lobbying against free tax filing services. Commercial providers such as TurboTax and Tax Act offer their own free services for those earning under a certain amount.
That's partially due to inflation woes, but spending on travel and recreation still remains high. That's largely due to an unprecedented boon in cash from stimulus checks and other pandemic aid along with reduced spending amid the pandemic. Inflation has been eating into Americans' wallets for the last two years, but it's not the only reason savings are falling. Spending has remained strong overall, especially for in-person services that were especially constrained during the worst of the pandemic, said Goodarzi. Credit bureau Experian defines a score of 580 to 669 as "fair," and most Americans fall somewhere between 600 and 750.
He embodies valor and resilience, traits business leaders should exhibit in tough times. The Ukrainian leader's speaking style is characterized by short sentences, vivid imagery, and empathy, all of which make him effective. A 2021 research paper published in the Academy of Management Journal found business leaders who led by example boosted productivity in their businesses. Some of the most convincing business leaders of our time have leaned into emotion when making key arguments. "President Zelenskyy remains focused on his core assignment.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're assuming unemployment and delinquency rates will get worse, says Intuit CEOSasan Goodarzi, Intuit CEO, joins 'TechCheck' to discuss the company's quarterly earnings results, the small business side of operations and how Intuit's Credit Karma business will fare in more trying economic times.
Many companies are taking a pause on acquisitions as a cocktail of worrying economic factors, including high inflation, rising interest rates and market volatility, is sapping the confidence of buyers and sellers. Deal-making activity is expected to remain tepid overall during the fourth quarter compared with 2021, barring an improved economic outlook and lower inflation readings, M&A advisers said. For instance, spinoffs or divestitures could become more popular deal structures as companies review their business models, Refinitiv’s Mr. Toole said. Even a number of early M&A discussions, including about possible financing options, are drying up, M&A advisers said. During the latest quarter, Adobe acquired 5.1 million shares at a cost of $1.8 billion, it said.
Watch Jim Cramer's full interview with Intuit CEO Sasan Goodarzi
  + stars: | 2022-09-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Jim Cramer's full interview with Intuit CEO Sasan GoodarziThe "Mad Money" host interviewed Intuit CEO Sasan Goodarzi on Monday's episode of the show.
Intuit sees strong consumer spending despite persistent inflation dogging the economy, company CEO Sasan Goodarzi told CNBC's Jim Cramer on Monday. Goodarzi noted that the financial software firm is able to see consumer spending, the number of employees that businesses have hired and the number of hours they've worked. "When we look at those elements now versus even pre-pandemic, they're actually quite healthy," he said in an interview on "Mad Money." The chief executive acknowledged that while consumer spending appears to be strong, it won't necessarily stay that way. We just have to be very thoughtful in how we do it so that we don't go from the strong unemployment that we have to high unemployment, because that ultimately is what impacts consumer spending," he said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntuit CEO says company sees healthy consumer spending, employment numbersCNBC's Jim Cramer spoke with Intuit CEO Sasan Goodarzi on Monday's episode of "Mad Money."
The Ukrainian leader's speaking style is characterized by short sentences, vivid imagery, and empathy, all of which make him effective. A 2021 research paper published in the Academy of Management Journal found business leaders who led by example boosted productivity in their businesses. Some of the most convincing business leaders of our time have leaned into emotion when making key arguments. Ukrinform/Future Publishing via Getty ImagesThough the pandemic has bent the rules of formality, starched suits are still the go-to for world leaders. "President Zelenskyy remains focused on his core assignment.
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