12:01 PM EDT, 08/14/2024 (MT Newswires) -- Intapp's ( INTA ) above-consensus fiscal Q4 results late Tuesday demonstrated the company's solid net-new Cloud annual recurring revenue growth, Oppenheimer said in a note to clients on Wednesday.

"Intapp's ( INTA ) business continues generating good growth and operating leverage," Oppenheimer analysts Brian Schwartz and Camden Levy said in the note.

The company's fiscal Q4 results also showed "large customer metrics and record cash generation" while its mid-teens percentage TTM billings and subscription billings support a 15% revenue growth target for fiscal 2025, the analysts said.

They said, however, that Intapp's ( INTA ) quarterly beat-magnitudes are moderating, with the magnitude of the fiscal Q4 beat below historical averages. "A mid-teens total revenue growth trajectory (down from 23% in FY2024) paired with a low-teens operating margin looks uninspiring," the note added.

Oppenheimer kept its perform rating on the stock.

Intapp ( INTA ) shares were rising 14% in recent trading.

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