Future of Intuit | Quantumrun

Future of Intuit

Intuit Inc., founded in 1983, is a business and financial software company that develops and sells software for financial, accounting, tax preparation, and other related services for small businesses, accountants, and individuals. The company is headquartered in Mountain View, California and is currently serving over 42 million customers in North America, Europe, Australia, and Brazil with more than 95% of its revenues and earnings. Intuit Inc. is under the NASDAQ symbol, INTU.

Home Country: 
United States
Industry: 
Enterprise software
Industry vulnerability to disruption: 

<p>Belonging to the technology sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:</p>

<p>*First off, internet penetration will grow from 50 percent in 2015 to over 80 percent by the late-2020s, allowing regions across Africa, South America, the Middle East and parts of Asia to experience their first Internet revolution. These regions will represent the biggest growth opportunities for tech companies over the next two decades.<br />
*Similar to the point above, the introduction of 5G internet speeds in the developed world by the mid-2020s will enable a range of new technologies to finally achieve mass commercialization, from augmented reality to autonomous vehicles to smart cities.<br />
*Gen-Zs and Millennials are set to dominate the global population by the late-2020s. This tech-literate and tech-supporting demographic will fuel the adoption of an ever greater integration of technology into every aspect of human life.<br />
*The shrinking cost and increasing computational capacity of artificial intelligence (AI) systems will lead to its greater use across a number of applications within the tech sector. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white and blue-collar employees.<br />
*One highlight from the point above, all tech companies that employ custom software in their operations will increasingly begin adopting AI systems (more so than humans) to write their software. This will eventually result in software that contains fewer errors and vulnerabilities, and a better integration with tomorrow's increasingly powerful hardware.<br />
*Moore’s law will continue to advance the computational capacity and data storage of electronic hardware, while the virtualization of computation (thanks to the rise of the ‘cloud’) will continue to democratize computation applications for the masses.<br />
*The mid-2020s will see significant breakthroughs in quantum computing that will enable game-changing computational abilities applicable to most offerings from technology sector companies.<br />
*The shrinking cost and increasing functionality of advanced manufacturing robotics will lead to further automation of factory assembly lines, thereby improving manufacturing quality and costs associated with consumer hardware built by tech companies.<br />
*As the general population becomes ever more dependant on the offerings of tech companies, their influence will become a threat to governments who will seek to increasingly regulate them into submission. These legislative power plays will vary in their success depending on the size of the tech company targeted.</p>

Total patents held: 
814
Number of patents field last year: 
15
Ranking List: 
610
Ranking List: 
2017 Quantumrun Global 1000
401
Ranking List: 
2017 Quantumrun US 500
71
Ranking List: 
2017 Quantumrun Silicon Valley 100
Market Revenue Country: 
Prod/Serv name revenue: 
Prod/Serv name: 
Service and other
Prod/Serv revenue: 
3405000000
Prod/Serv name: 
Products
Prod/Serv revenue: 
1289000000
Founded: 
1983
Company Name: 
Intuit
Sector: 
Revenue: 
4694000000
3y average revenue: 
4376333333
Operating expenses: 
3452000000
3y average expenses: 
3283000000
Company profile data note: 
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.
Global employee count: 
7900
Number of domestic locations: 
10
Funds in reserve: 
638000000
Investment into R&D: 
881000000
create term: 
#610 | 2017 Quantumrun Global 1000
#401 | 2017 Quantumrun US 500
#71 | 2017 Quantumrun Silicon Valley 100

Intuit Inc., founded in 1983, is a business and financial software company that develops and sells software for financial, accounting, tax preparation, and other related services for small businesses, accountants, and individuals. The company is headquartered in Mountain View, California and is currently serving over 42 million customers in North America, Europe, Australia, and Brazil with more than 95% of its revenues and earnings. Intuit Inc. is under the NASDAQ symbol, INTU.

Home country:
United States
Sector:
Technology
Industry:
Enterprise software
Website:
Founded:
1983
Global employee count:
7,900

Financial Health

Revenue
$4,694,000,000 USD
3y average revenue
$4,376,333,333 USD
Operating expenses
$3,452,000,000 USD
3y average expenses
$3,283,000,000 USD
Funds in reserve
$638,000,000 USD

Asset Performance

#1 Product/Service/Dept. name
Service and other
#1 Product/Service revenue
$3,405,000,000 USD
#2 Product/Service/Dept. name
Products
#2 Product/Service revenue
$1,289,000,000 USD

Innovation assets and Pipeline

Investment into R&D
$881,000,000 USD
Total patents held
814
Number of patents field last year
15
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.

Disruption Vulnerability

Belonging to the technology sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, internet penetration will grow from 50 percent in 2015 to over 80 percent by the late-2020s, allowing regions across Africa, South America, the Middle East and parts of Asia to experience their first Internet revolution. These regions will represent the biggest growth opportunities for tech companies over the next two decades.

*Similar to the point above, the introduction of 5G internet speeds in the developed world by the mid-2020s will enable a range of new technologies to finally achieve mass commercialization, from augmented reality to autonomous vehicles to smart cities.

*Gen-Zs and Millennials are set to dominate the global population by the late-2020s. This tech-literate and tech-supporting demographic will fuel the adoption of an ever greater integration of technology into every aspect of human life.

*The shrinking cost and increasing computational capacity of artificial intelligence (AI) systems will lead to its greater use across a number of applications within the tech sector. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white and blue-collar employees.

*One highlight from the point above, all tech companies that employ custom software in their operations will increasingly begin adopting AI systems (more so than humans) to write their software. This will eventually result in software that contains fewer errors and vulnerabilities, and a better integration with tomorrow's increasingly powerful hardware.

*Moore’s law will continue to advance the computational capacity and data storage of electronic hardware, while the virtualization of computation (thanks to the rise of the ‘cloud’) will continue to democratize computation applications for the masses.

*The mid-2020s will see significant breakthroughs in quantum computing that will enable game-changing computational abilities applicable to most offerings from technology sector companies.

*The shrinking cost and increasing functionality of advanced manufacturing robotics will lead to further automation of factory assembly lines, thereby improving manufacturing quality and costs associated with consumer hardware built by tech companies.

*As the general population becomes ever more dependant on the offerings of tech companies, their influence will become a threat to governments who will seek to increasingly regulate them into submission. These legislative power plays will vary in their success depending on the size of the tech company targeted.