Nov 20 (Reuters) - Intuit forecast

second-quarter revenue growth above Wall Street estimates on

Thursday, a sign of growing demand for its artificial

intelligence-powered financial management tools.

The company, which offers products such as tax-preparation

software TurboTax, finance portal Credit Karma and accounting

tool QuickBooks, is benefiting as customers increasingly seek

personalized financial guidance and automated solutions for

tasks such as bookkeeping.

On Tuesday, Intuit signed a multi-year deal worth more than $100

million with OpenAI to use the ChatGPT maker's AI models to

power the company's AI agents, systems capable of taking actions

on behalf of users.

The company is doubling down on developing "done-for-you"

services that combine AI and expert-assisted services, helping

customers manage their sales leads to cash flow.

Earlier in the day,

the company named

ServiceNow ( NOW ) CEO Bill McDermott and Nasdaq

CEO Adena Friedman to its board, effective August 2026, while

Intuit's CEO Sasan Goodarzi is set to become board chair on

January 22, 2026.

Intuit forecast revenue growth of about 14% to 15% for the

second quarter ending January 31, above analysts' average

estimate of 12.8% growth, according to data compiled by LSEG.

However, its adjusted earnings per share outlook of $3.63 to

$3.68 for the quarter fell short of the estimated $3.83.

Revenue for the first quarter rose 18% to $3.89 billion,

handily beating estimates of $3.76 billion.

Adjusted EPS of $3.34 also exceeded estimates of $3.09 for

the quarter ended October 31.

"We are confident in delivering double-digit revenue growth

and expanding margin this year, and we are reiterating our

full-year guidance for fiscal 2026," Chief Financial Officer

Sandeep Aujla said in a statement.

The board also approved a quarterly dividend of $1.20 per

share, a 15% year-on-year increase.