BUZZ-Intapp climbs after Q4 results beat, share repurchase program
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Shares of Intappsurged 28.5% to $47.44 in premarket trading following Q4 results that exceeded expectations. The company reported Q4 revenue of $135 million, an 18% year-over-year increase, surpassing the forecast of $132 million. Adjusted profit was 27 cents per share, beating the anticipated 23 cents. Intapp's board also announced a $150 million stock repurchase program. Despite this, INTA shares are down over 42% year-to-date, while the Nasdaq Composite has risen 12.3%.
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