Intapp shares rise over 2% as Q4 results top estimates, outlook strong

PALO ALTO, Calif. - Intapp, Inc. (NASDAQ:INTA) shares gained 2.9% in after-hours trading on Tuesday after the provider of cloud-based software for professional and financial services firms reported fourth-quarter results that exceeded analyst expectations and issued an upbeat outlook.

The company posted adjusted earnings per share of $0.15 for the quarter ended June 30, beating the consensus estimate of $0.12. Revenue rose 21% year-over-year to $114.4 million, surpassing analysts' projections of $111.58 million.

"It has been a strong and exciting year for Intapp as we lead our clients to adopt and apply AI to the work of their professionals," said CEO John Hall in a statement.

For the first quarter of fiscal 2025, Intapp forecast adjusted EPS of $0.12 to $0.14 on revenue between $117.2 million and $118.2 million. Both ranges were largely in line with or above Wall Street's expectations.

The company's SaaS and support revenue, a key metric, jumped 25% YoY to $85 million in Q4. Cloud annual recurring revenue surged 33% to $296.7 million.

Intapp ended the quarter with $208.4 million in cash and cash equivalents, up from $130.4 million a year earlier. For the full fiscal year 2024, cash provided by operating activities more than doubled to $67.2 million.

Looking ahead, Intapp projected full-year fiscal 2025 adjusted EPS of $0.59 to $0.63 on revenue of $493 million to $497 million.

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Source: Investing.com