Shares of Intapp, Inc. (NASDAQ: INTA) surged 27.46% in pre-market trading on Wednesday, following the company's impressive fourth-quarter results, optimistic fiscal year 2026 guidance, and the announcement of a $150 million stock repurchase program. The AI-powered solutions provider for professional services firms has demonstrated strong performance and growth potential, exciting investors.
Intapp reported fourth-quarter adjusted earnings per share of $0.27, significantly beating analyst expectations of $0.23. Revenue reached $135 million, surpassing the consensus estimate of $132.11 million and marking an 18% increase year-over-year. The company's SaaS revenue was particularly strong at $90.2 million, up 27% from the same quarter last year. Cloud annual recurring revenue (ARR) grew to $383.1 million, a 29% year-over-year increase, representing 79% of total ARR compared to 73% a year earlier.
Adding to investor enthusiasm, Intapp provided an optimistic outlook for fiscal year 2026. The company projects SaaS revenue between $411.4 million and $415.4 million, with total revenue expected to range from $566.7 million to $570.7 million. The forecast for non-GAAP diluted net income per share is between $1.09 and $1.13, surpassing analyst expectations. Furthermore, Intapp's Board of Directors authorized a $150 million stock repurchase program, signaling confidence in the company's financial position and future prospects. This combination of strong quarterly results, positive guidance, and the share buyback initiative has clearly resonated with investors, driving the significant pre-market stock price increase.
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