1028 ET - Intuit sees a few reasons to think it has pricing power. CEO Sasan Goodarzi on an earnings call notes that the company known for products including TurboTax and Credit Karma is mission-critical for many businesses, adding that more than 90% of Intuit is recurring revenue and subscription-based. He also believes the company is a low-cost disruptor in the assisted tax segment, particularly when compared to businesses spending on a number of services that don't communicate with each other. "Therefore, we have a lot of ARPC [average revenue per customer] tailwinds as we look ahead," Goodarzi says. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 23, 2025 10:28 ET (14:28 GMT)
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