Intuit

American financial software company

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2024 Intuit continues strong performance, reaching annual revenue of $16,285 million, net income of $2,963 million, and expanding to 18,800 employees.
July 2024 Intuit announced a significant workforce reduction, laying off 1,800 employees (10% of its workforce) to refocus resources on generative AI initiatives.
January 2024 Intuit integrated functions of Mint into Credit Karma's net worth product line and retired the Mint software.
2023 Intuit experiences significant growth, with revenue increasing to $14,368 million, net income rising to $2,384 million, and employee count growing to 18,200.
May 4 2022 Intuit agreed to pay a $141 million settlement over misleading advertisements related to their tax preparation service offerings.
2021 Intuit reported annual financial results, achieving earnings of US$2.062 billion and total revenue of US$9.633 billion, representing a 25.4% increase from the previous fiscal year.
2021 Intuit discontinued participation in the Free File Alliance during the tax filing season.
September 13 2021 Intuit announced its acquisition of Mailchimp for $12 billion.
2020 Intuit reports annual revenue of $7,679 million, net income of $1,826 million, and maintains 10,600 employees during the COVID-19 pandemic year.
August 2020 Intuit QuickBooks Canada planned to partner with Digital Main Street to help digitally transform Canadian small businesses.
August 3 2020 Intuit announced its acquisition of TradeGecko for $100 million.
February 24 2020 Intuit CEO Sasan Goodarzi announced the planned acquisition of Credit Karma for $7.1 billion.
2019 ProPublica investigations revealed that Intuit deliberately misled users by steering taxpayers from the free TurboTax Free File to the paid TurboTax Free Edition through tactics like search engine delisting and deceptive military discounts.
October 2019 ProPublica exposed Intuit's continued use of lobbying, revolving door tactics, and customer manipulation to prevent government efforts to simplify tax filing.
August 2018 Intuit announced Sasan Goodarzi would become the company's CEO at the beginning of 2019, with previous CEO Brad Smith remaining as chairman of the board of directors.
June 2013 Intuit announced the sale of its financial services unit to private equity firm Thoma Bravo for $1.03 billion.
March 26 2013 ProPublica reported on Intuit's ongoing lobbying against return-free filing.
2011 Continued lobbying efforts against return-free filing, as reported by ProPublica.

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