Intuit Inc. (NASDAQ:INTU) is one of the Top Technology Stocks to Buy According to Hedge Funds. On August 21, the company released its FY 2025 results, and it saw an increase of 16% YoY in total revenues to $18.8 billion. Intuit Inc. (NASDAQ:INTU) witnessed healthy execution across its platform, driving robust adoption in assisted tax, introducing transformative AI agents throughout its business platform, and building the mid-market go-to-market capabilities. The company also drove robust margin expansion.
For FY 2025, Intuit Inc. (NASDAQ:INTU) saw an increase in combined platform revenue, including Global Business Solutions Group Online Ecosystem, TurboTax Online, and Credit Karma, of 19% to $14.9 billion. For FY 2026, Intuit Inc. (NASDAQ:INTU) expects revenue in the range of $20.997 billion -$21.186 billion, reflecting a growth of ~12% – 13%. Furthermore, it projects GAAP operating income of between $5.782 billion – $5.859 billion, demonstrating ~17% – 19% growth.
Baron Funds released its Q2 2025 investor letter. Here is what the fund said:
“Very briefly on the other, smaller adds to existing investments during the second quarter. Tax and small business software provider Intuit Inc. (NASDAQ:INTU) – the company continues to execute at a high level and has not seen a cyclical slowdown with stable Small Business revenue growth at 19% in the company’s most recently reported quarter, strong Consumer segment growth of 11%, and very robust Credit Karma growth of 31%, which underpinned annual guidance raise to 15% revenue growth and 18% to 19% EPS growth.”
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Disclosure: None. This article is originally published at Insider Monkey.