5 High Growth SaaS Stocks that are Profitable

2. Intuit Inc. (NASDAQ:INTU)

Q/Q Sales Growth: 25%

Number of Hedge Fund Holders in Q3 2022: 86

Intuit Inc. (NASDAQ:INTU) is a financial software and services provider that is headquartered in Mountain View, California. Its products allow customers to manage their payrolls and payments.

Intuit Inc. (NASDAQ:INTU) reported $2.5 billion in revenue for its quarter ending in October 2022, for a flat 25% annual growth. The firm’s trailing twelve month net income is $1.8 billion, boosted primarily by its quarter that ended in April 2022 which saw a $1.7 billion net profit. 86 of the 920 hedge funds polled by Insider Monkey in Q3 2022 had held a stake in the firm.

Ken Fisher’s Fisher Asset Management is Intuit Inc. (NASDAQ:INTU)’s largest shareholder. It owns 2.4 million shares that are worth $939 million.

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