ReutersReuters

Intapp climbs after Q4 results beat, share repurchase program

RefinitivLess than 1 min read

** Shares of front-end software vendor Intapp INTA jump 28.5% to $47.44 premarket

** Reports Q4 revenue of $135 mln, up 18% YoY and beats analysts' consensus forecast of $132 mln, according to data compiled by LSEG

** Q4 revenue for all major segments rises, with Software as a Service (SaaS) segment recording a 27% increase YoY

** Adj. Q4 profit of 27 cents/share also beats expectations of 23 cents/share

** Co also says its board authorized a common stock repurchase program of up to $150 million, which will be funded from existing cash and cash equivalents or future cash flow

** Of the 10 analysts that cover the stock, five rate it "buy" or higher, four "hold" and one "sell"; their median PT is $60

** As of last close, INTA shares down more than 42% YTD, compared to a 12.3% rise in the Nasdaq Composite index IXIC

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