By Ben Glickman

Intuit expects earnings to rise modestly in the fiscal second quarter despite forecasting double-digit revenue growth.

The Mountain View, Calif.-based financial technology software provider said it expects earnings of 62 cents to 68 cents a share in the quarter ended Jan. 31, 2024, compared with 60 cents a year ago. Analysts polled by FactSet expect per-share profit of 89 cents a share.

The company's profit surged in the fiscal first quarter on strong revenue growth.

Intuit expects that revenue growth to continue, guiding for a 11% to 12% growth. Analysts polled by FactSet expect revenue of $3.42 billion, which would represent growth of over 12%.

The company expects adjusted per-share earnings of $2.25 to $2.31, compared with the $2.57 expected by analysts.

Intuit reaffirmed its fiscal 2024 guidance.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

November 28, 2023 16:43 ET (21:43 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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