Intuit Inc Q4 2022 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Kasthuri Gopalan Rangan - Goldman Sachs Group, Inc., Research Division - Analyst : Congratulations on a super finish to the fiscal year and also a very constructive guidance. Sasan or Michelle, when you look at the -- I know you're not going to be talking about the Small Business-Online Ecosystem revenue split going forward. But it clearly looks like the business is at a point where you have 2/3 of the business coming from Online Ecosystem that's growing roughly 30-plus percent range, right? I think many of us are surprised that the outlook for that business -- you raised the overall business at 15% to 20%. So it looks like Online Ecosystem is actually doing pretty decently, right? So in the event of a downturn -- I know, Sasan, this was a question that I've asked you on prior conference calls. But how confident are you that -- of course, retaining subs is one thing, but then adding net new subscribers in a challenging economy, how confident are you that you can keep that ball rolling while continuing to have your price increases stick, and at the same time, managing REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 23, 2022 / 8:30PM, INTU.OQ - Q4 2022 Intuit Inc Earnings Call retention et cetera, because if retention goes down, then you have more pressure to add more new subs. So how does that mathematical equation play out during a downturn? Congrats.

Question: Kasthuri Gopalan Rangan - Goldman Sachs Group, Inc., Research Division - Analyst : Tremendous dissection of what is driving your confidence. And we will not let Microsoft tell us anything about SMB. We'll listen to you first.