Intuit stock jumped 13% on Friday after the business exceeded expectations in the first quarter and boosted its guidance.

The company gained more clients, boosted prices, and was able to sell more higher-margin solutions, resulting in a 52 % year-on-year increase in revenue to $2 billion. Revenue was also boosted by the company's $8.1 billion acquisition of credit-score tracker Credit Karma.

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Since November 1, the firm has also integrated the customer engagement platform Mailchimp, which it purchased for $12 billion in cash and stock. Along with the robust sales pace, Mailchimp's inclusion assisted the business in raising its annual guidance to roughly $12 billion, up from $9.6 billion last year.

Excluding Mailchimp, revenue is expected to climb 19 % in the middle of the range, up from the previous projection of 15 to 16 % growth.

In the first quarter, adjusted profit per share increased by more than 50% to $1.53.

According to the corporation, it still has $3 billion in stock purchases to make under a previously approved plan and will try to hit the market every quarter.

Intuit's board of directors also approved a 15% increase in the quarterly dividend, which will be paid out in January at 68 cents per share.