Intapp ( INTA 4.22% ) While not being one of the biggest or most well-known fintech stocks, it has been gaining popularity among investors recently. Following a strong earnings report released earlier in the week, market participants have been showing a lot of interest in the company.
Based on the data gathered by Market intelligence provided by S&P Global Intapp had risen by almost 23% for the week up to Friday’s market opening.
Exceeding both upper and lower performance predictions.
In the fiscal fourth quarter of 2024, Intapp reported revenue of slightly more than $114 million, showing a 21% increase compared to the previous year. This exceeded the average analyst prediction of under $112 million. The majority of the company’s revenue was generated from software-as-a-service (SaaS) and support services, which experienced a combined 25% growth, reaching $85 million.
Ultimately, Intapp recorded a non- GAAP The profit for the quarter was adjusted to $11.9 million, equivalent to $0.15 per share. This amount was over three times the profit of $3.2 million reported in the same quarter of fiscal 2023. Additionally, it exceeded the predicted earnings per share of $0.12 according to financial analysts.
Even though artificial intelligence (AI) may not be as groundbreaking as previously anticipated, it remains a critical aspect for Intapp.
The company emphasized technology in CEO John Hall’s statement about fiscal 2024, highlighting that it has been a successful and thrilling year for Intapp as they guide their clients in integrating and utilizing AI in the tasks of their experts.
Guidance provided within a document or system.
Intapp has given predictions for both its current quarter and the entire fiscal year of 2025. In the first quarter, the company anticipates generating revenue between $117.2 million and $118.2 million, resulting in adjusted net income ranging from $0.12 to $0.14 per share.
Analysts are estimating an average revenue of $117.7 million for the quarter, along with an adjusted profitability of $0.12 per share.
