Youre very welcome.
Q
Be safe.
A
Thank you. You, too.
Operator: Ladies and gentlemen,
Im not showing any further questions. Would you like to close with any additional remarks?
Sasan K. Goodarzi
President, Chief Executive Officer & Director
Yes. Ill be brief.
Thank you, everyone, for your
questions. And wish everyone that celebrates Thanksgiving a wonderful and safe Thanksgiving, and well speak to you very soon. And enjoy your holidays. Thank you.
Operator: Ladies and gentlemen, thank
you for participating, and this concludes todays conference call.
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Important
Information for Investors and Securityholders
Cautions About Forward-looking Statements
These materials contain forward-looking statements, including the impact of the COVID-19 pandemic on
Intuits business; the timing of when individuals will file their tax returns; Intuits prospects for the business in fiscal 2020 and beyond; expectations regarding Intuits growth outside the US; expectations regarding timing and
growth of revenue for each of Intuits reporting segments and from current or future products and services; expectations regarding customer growth; expectations regarding Intuits corporate tax rate; expectations regarding changes to our
products and their impact on Intuits business; expectations regarding the amount and timing of any future dividends or share repurchases; expectations regarding availability of our offerings; expectations regarding the impact of our strategic
decisions on Intuits business; and expectations regarding the timing, completion, financial performance and impact of the Credit Karma acquisition.
Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially
from the expectations expressed in the forward-looking statements. These risks and uncertainties may be amplified by the COVID-19 pandemic, which has caused significant economic instability and
uncertainty. These factors include, without limitation, the following: our ability to compete successfully; our participation in the Free File Alliance; potential governmental encroachment in our tax businesses; our ability to adapt to technological
change; our ability to predict consumer behavior; our reliance on third-party intellectual property; our ability to protect our intellectual property rights; any harm to our reputation; risks associated with acquisition and divestiture activity; the
issuance of equity or incurrence of debt to fund an acquisition; our cybersecurity incidents (including those affecting the third parties we rely on); customer concerns about privacy and cybersecurity incidents; fraudulent activities by third
parties using our offerings; our failure to process transactions effectively; interruption or failure of our information technology; our ability to maintain critical third-party business relationships; our ability to attract and retain talent; any
deficiency in the quality or accuracy of our products (including the advice given by experts on our platform); any delays in product launches; difficulties in processing or filing customer tax submissions; risks associated with international
operations; changes to public policy, laws or regulations affecting our businesses; litigation in which we are involved; the seasonal nature of our tax business; changes in tax rates and tax reform legislation; global economic changes; exposure to
credit risk of the businesses we provide capital to; amortization of acquired intangible assets and impairment charges; our ability to repay outstanding debt; our ability to repurchase shares or distribute dividends; volatility of our stock price;
our ability to successfully market our offerings; failure to obtain required regulatory approvals in a timely manner or otherwise; failure to satisfy any closing conditions to the proposed acquisition of Credit Karma; risks associated with tax
liabilities or changes in U.S. federal tax laws or interpretations to which the proposed transaction with Credit Karma or parties thereto are subject; failure to successfully integrate any new business; failure to realize anticipated benefits of any
combined operations; unanticipated costs of acquiring or integrating Credit Karma; potential impact of announcement or consummation of the proposed acquisition on relationships with third parties, including employees, customers, partners and
competitors; inability to retain key personnel; changes in legislation or government regulations affecting the acquisition or the parties; economic, and or political conditions that could adversely affect the acquisition or the parties; the impact
of the COVID-19 pandemic; and risks associated with assumptions the parties make in connection with the parties critical accounting estimates and legal proceedings.
More details about these and other risks that may impact our business are included in our Form 10-K for
fiscal 2020, in our other SEC filings and in the Registration Statement on Form S-4 and the consent solicitation statement/prospectus contained therein relating to the proposed acquisition of Credit
Karma, Inc. You can locate these reports through our website at http://investors.intuit.com. Forward-looking statements represent the judgment of the management of Intuit as of the date of this presentation. We do not undertake any duty to update
any forward-looking statement or other information in this presentation.
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