News

Gelonghui, February 27th｜Tax software manufacturer Intuit (INTU.US) fell 4.7% in after-hours trading to $376. In terms of news, Intuit announced that its revenue for the second fiscal quarter increased by 17.4% year-on-year to $4.65 billion, higher than the market expectation of $4.53 billion; adjusted earnings per share were $4.15, also higher than the market expectation of $3.68. The company maintained its quarterly dividend at $1.2 per share. Looking ahead to the third fiscal quarter, the company expects revenue to grow by 10% year-on-year to $8.53 billion, slightly above the market expectation of $8.52 billion; adjusted earnings per share are expected to be between $12.45 and $12.51, which is lower than the market expectation of $12.97. The company reaffirmed its full-year performance guidance, expecting revenue to be between $21 billion and $21.19 billion, and adjusted earnings per share to be between $22.98 and $23.18, while market expectations are $21.25 billion and $23.19, respectively.

Odaily reported that the decentralized AI infrastructure protocol 0G Labs has announced the launch of the "0G Apollo Accelerator," which plans to provide up to $20 million in funding to incubate and scale revenue-generating AI applications based on decentralized infrastructure. This accelerator is established in collaboration with the Blockchain Builders Fund (BBF). BBF is part of the Stanford University blockchain ecosystem, covering projects such as the Stanford Blockchain Accelerator, BASS, and MS&E 447. The project is also supported by Google Cloud, with each selected team eligible for $200,000 in cloud resources. In addition, the wallet infrastructure platform Privy (which has been acquired by Stripe) will provide production-level wallet solutions for selected teams, aiming to help projects achieve enterprise-level computing and infrastructure capabilities at an early stage.

This dividend arrangement highlights the company's stable cash flow generation capability and its commitment to shareholder returns. Financial data shows that the fund has maintained steady operations in a complex market environment, with portfolio performance meeting management expectations. The dual-track dividend policy not only recognizes historical performance but also demonstrates confidence in business development through 2026. Market analysts point out that the base dividend of $0.32 remains stable compared to previous periods, while the supplemental dividend of $0.03 reflects the distribution mechanism for excess earnings in the fourth quarter. This combined dividend strategy provides investors with a predictable cash flow guarantee.