Intuit's annual forecast falls short of estimates as it prioritizes customer growth

Aug 25 : Intuit forecast annual revenue below Wall Street expectations on Tuesday, as the TurboTax maker said its push for customer growth and market-share gains would weigh on near-term sales.Shares of the California-based company, which have fallen more than 44 per cent so far this year, were down 13 per cent in extended trading.The enterprise software provider projected fiscal 2027 revenue of $23.28 billion to $23.51 billion, representing growth of 9 per cent to 10 per cent, below analysts' estimate of $23.72 billion, according to data compiled by LSEG.It also implies a slowdown from Intuit's 14 per cent revenue growth in fiscal 2026. Intuit attributed the revenue deceleration to weaker marketing platform sales, a continued decline in its desktop products and lower average revenue per T