Intuit FY2026 Earnings Review
Intuit beat FY2026 estimates despite a $293 million restructuring charge, as management lowered growth ambitions and expanded Mailchimp and…
Substack
Global Outperformers
Everything we have picked from this writer, newest first.
Adobe Investment Case Summary
Adobe’s investment case centers on its software business.
Adobe Inc.
Adobe’s valuation fell from 70x earnings in 2020 to 11x as generative AI challenges its creative-software franchise; product standards,…
Q2 2026 Investor and Subscriber call
Jenga IP’s Q2 2026 investor call covers Microsoft, Intuit and upcoming Adobe research, plus portfolio changes, on July 30.
Intuit Investment Case Summary
Intuit’s investment case is condensed into a one-page company overview.
Intuit deep dive
Intuit’s QuickBooks, TurboTax and SMB ecosystem face AI-native challengers, tax-filing disruption and pressure on payroll and payments…
TSMC Investment Case Update
TSMC targets 25% revenue CAGR through 2029 as AI demand sustains 5-nanometer sales and expands leading-edge foundry share.
Microsoft: The Investment Case Summary
Microsoft’s investment case centers on enterprise software, cloud services and AI offerings across productivity, ERP, CRM and databases.
Software Continued
Microsoft, SAP, Oracle, Adobe and Intuit generate 90.2% of listed IT software net income, though AI has compressed Adobe and Intuit…
Microsoft Corporation
Microsoft's investment case turns on whether Azure, Copilot and enterprise workflow control can sustain software margins as AI raises…
Visa: The Investment Case Summary
Visa runs a global payments network, charging network fees of roughly 0.5% of transaction value.
Microsoft Corporation
Microsoft research will assess Azure, Copilot, the OpenAI partnership, enterprise software competition and AI data centre economics.
FactSet’s Take-Private Rumours
FactSet has drawn take-private interest from Thoma Bravo and Hellman & Friedman, with its recurring subscription revenue, 90% client…
Visa Inc update
Visa and Mastercard meet a 15% five-year IRR target at 25x and 26x 2026 earnings, while American Express needs more margin for…
