Alpha Alliance: Intapp Beats Q4 Goals, Has Mixed Outlook

Intapp (INTA) handily outperformed Wall Street's expectations for the fiscal fourth quarter late Wednesday, but issued a mixed prognosis for the current period. Intapp's shares dropped in extended trading.
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.

For more latest report in Finance, you may also visit us at Alpha Alliance Capital Limited through our website or contact us via email.

Alpha Alliance Capital Limited
Source: » Follow
Posted By:*** Email Verified
Tags:Alpha Alliance Capital
Location:Wan Chai - Hong Kong Island - Hong Kong
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Alpha Alliance Capital Limited News
Most Viewed
Daily News

Like PRLog?
Click to Share