Intuit Hits Double-Digit Revenue Growth in the First Quarter of the New Fiscal Year

Intuit Hits Double-Digit Revenue Growth in the First Quarter of the New Fiscal Year

Long-term shareholders of Intuit (NASDAQ: INTU) probably won't be surprised to learn that the company's fiscal first quarter of 2018 earnings were propelled by the continuing surge in new QuickBooks Online (QBO) subscribers. Let's begin our review of this traditional tune-up quarter to tax season by scanning the summary numbers: 

Data source: Intuit.

The company's first-quarter 2018 top-line advance of 14% over the first quarter of 2017 represented accelerated comparable growth, as last year's revenue result marked a 9% improvement over the first quarter of 2016.

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Source: Fool.com