11 Best Enterprise Software Stocks to Invest In

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5. Intuit Inc. (NASDAQ:INTU)

Number of Hedge Fund Holders: 87

Intuit Inc. (NASDAQ:INTU) is a global financial technology platform that empowers individuals and businesses to achieve their financial goals. Its products include TurboTax for tax preparation, Credit Karma for financial management, QuickBooks for business accounting, and Mailchimp for email marketing.

In FQ1 2025, revenue increased by 10%, driven by a 20% surge in the Global Business Solutions Group’s online ecosystem revenue. This growth is directly attributable to AI-powered innovations like Intuit Assist, the company’s AI-powered financial assistant. Intuit Assist automates critical tasks such as invoice creation, cash flow analysis, and bill payment, resulting in a 45% improvement in customer efficiency.

The company is expanding its reach into the $89 billion mid-market with Intuit Enterprise Suite (IES), which leverages AI agents to enhance productivity and deliver valuable insights. Driven by this continued expansion, Intuit Inc. (NASDAQ:INTU) remains confident in achieving double-digit revenue growth and margin expansion this year.

Parnassus Growth Equity Fund stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q3 2024 investor letter:

“Intuit Inc. (NASDAQ:INTU) shares fell despite the financial software company posting strong quarterly results. The company’s pricing-dependent long-term guidance concerned investors. However, we continue to believe Intuit’s customer growth and relevant platform will sustain its wide moat and long growth runway.”

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