The company said total revenue for fiscal 2024 Q2, which ended January 31, 2024, rose 11% to $3,386 million. Revenue for the Small Business and Self-Employed Group increased 18% to $2.2 billion.

1. 01

   The company said total revenue for fiscal 2024 Q2, which ended January 31, 2024, rose 11% to $3,386 million. Revenue for the Small Business and Self-Employed Group increased 18% to $2.2 billion.

2. 02

   The company reported GAAP operating income of $369 million for Q2, up 37%, and GAAP earnings per share of $1.25, up 108%. Non-GAAP operating income was $1,000 million and Non-GAAP earnings per share was $2.63.

3. 03

   The company reiterated its full-year fiscal 2024 revenue outlook of $15.890 billion to $16.105 billion, growth of approximately 11 to 12%. It said revenue for Q3, which ends April 30, is expected to grow approximately 10 to 11%, and GAAP diluted earnings per share is expected to be between $7.77 and $7.84.

4. 04

   The company repurchased $536 million of its shares in Q2, leaving $2.7 billion remaining under its repurchase authorization. Its Board approved a cash dividend of $0.90 per share, payable on April 18, 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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