Alpha Alliance: Intapp Beats Q4 Goals, Has Mixed Outlook

WAN CHAI, Hong Kong - Sept. 14, 2023 - PRLog -- In the fiscal quarter ended June 30, the Palo Alto, California-based firm earned an adjusted 4 cents per share on revenues of $94.6 million. FactSet surveyed analysts, who predicted Intapp to earn one penny per share on revenues of $93.1 million. Intapp lost 4 cents per share on $75.5 million in revenues the previous year.

Intapp's result represented the company's fourth consecutive quarter of non-GAAP profitability. In July 2021, the firm will go public.

Intapp anticipated adjusted profits of 3 cents per share for the current quarter, just meeting expectations. Based on the midpoint of its prediction, it expects sales of $96.5 million. This surpassed Wall Street's forecast for the fiscal first quarter of $94.2 million.

After the report, the stock of Intapp falls.

Intapp shares declined 2% to 36.50 in after-hours trading today on the stock exchange. Shares fell 2% during the regular session on Wednesday, closing at 37.24.

Based on the midpoint of its forecast, Intapp expects to earn an adjusted 22 cents per share on revenues of $421 million for the whole fiscal year ahead. In fiscal 2024, analysts predicted profits of 18 cents per share on revenues of $402 million.

Intapp earned an adjusted 11 cents per share on revenues of $350.9 million in fiscal 2023, which recently ended. The prior year, the corporation lost 12 cents on $272.1 million in sales.

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