Director buying of $142,000 worth of shares on market today at $101.8

Is anyone familiar with the reporting of intuit quickbooks in Australia and NZ?

I have been a longterm holder of Xero, who for a long time have been pretty strong in this segment of the world but in the past 2-3 days I have seen competing advertising from the two companies.

Xero are heavily advertised as part of the coverage of the FIFA womens world cup in big, well positioned ads and banners around the stadium and then today filling my car, I saw quite a small electronic signboard at the service station advertising Intuit.

It made me wonder, do Intuit advertise their subscriber growth and churn like Xero do? I had a quick google and found the above and from the reports I could find of the quarterlies, there is no segment breakdown.

Any one have a clue?

@mikebrisy I just wonder if cutting 700-800 roles is in line with broader tech layoffs and whether it will affect disruption in the industry (Intuit), or both.

Sure cutting that many staff will add to Opex but it’s also going to affect their ability to innovate and disrupt what they are clearly targeting with their US operations.

If the goal is top line growth, what will the impact of this be?

Maybe this new, streamlined Xero can make new inroads in that tough market (I hope so, been holding since $20 IRL). It is good news no doubt, as I really think change was needed as over the past few years they really have seemed to lose that midas touch and have finally acknowledge some less than intelligent acquisitions but as always. Time will tell.

Precisely 2024 will tell what they do with that 20-30m of cash and added Opex