Intapp (INTA) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this software developer would post earnings of $0.07 per share when it actually produced earnings of $0.14, delivering a surprise of 100%. Over the last four quarters, the company ha ...

Core Insights - Intapp, Inc. reported strong financial results for the fourth quarter and fiscal year ended June 30, 2024, highlighting significant growth in revenue and cloud annual recurring revenue (ARR) driven by the adoption of AI solutions [1][2][3] Financial Highlights - Fourth quarter SaaS and support revenue reached $85.0 million, a 25% increase year-over-year [2] - Total revenue for the fourth quarter was $114.4 million, reflecting a 21% year-over-year growth [2] - Cloud ARR stood at $296.7 million as of June 30, 2024, marking a 33% increase year-over-year and representing 73% of total ARR [2] - Total ARR was $404.2 million as of June 30, 2024, a 22% increase year-over-year [2] - GAAP operating income was $0.3 million, a significant improvement from a loss of $(12.4) million in the same quarter last year [2] - Non-GAAP operating income for the fourth quarter was $13.5 million, up from $3.0 million year-over-year [2] Fiscal Year 2024 Overview - For the fiscal year 2024, SaaS and support revenue totaled $316.0 million, a 25% increase compared to fiscal year 2023 [3] - Total revenue for the fiscal year was $430.5 million, a 23% increase year-over-year [3] - GAAP net loss for the fiscal year was $(32.0) million, improved from $(69.4) million in fiscal year 2023 [3] - Non-GAAP net income for the fiscal year was $36.4 million, compared to $8.3 million in the previous year [3] Balance Sheet and Cash Flow - Cash and cash equivalents were $208.4 million as of June 30, 2024, up from $130.4 million a year earlier [4] - Cash provided by operating activities for the fiscal year was $67.2 million, compared to $27.5 million in the previous year [5] Business Highlights - As of June 30, 2024, Intapp served over 2,550 clients, with 698 clients having contracts greater than $100,000 of ARR [6] - The company achieved a net revenue retention rate of 116% as of June 30, 2024 [6] - Intapp expanded its client base and partnerships, including notable law firms and private equity firms [6] - The company acquired Transform Data International to enhance its Microsoft 365-based capabilities [6] Outlook for Fiscal Year 2025 - The company provided guidance for the first quarter of fiscal year 2025, projecting SaaS revenue between $75.3 million and $76.3 million [7] - Total revenue for fiscal year 2025 is expected to be between $493.0 million and $497.0 million [7] - Non-GAAP diluted net income per share is projected to be between $0.59 and $0.63 for fiscal year 2025 [7]

Core Insights - Intapp has launched Intapp Assist for Terms, a generative AI feature designed to enhance compliance with client contractual obligations by providing immediate answers within Microsoft Teams [1][2][3] Company Overview - Intapp is a leading global provider of AI-powered solutions for professionals in advisory, legal, and capital markets firms, focusing on unlocking knowledge and operational insights to increase value for firms [6] Product Features - Intapp Assist for Terms utilizes generative AI to streamline the process of managing contractual obligations, integrating compliance throughout the client lifecycle from business intake to billing [2][4] - The Ask Intapp feature allows professionals to quickly obtain answers to questions regarding client obligations, significantly reducing the time spent on research and inquiries [3][4] Client Benefits - Early adopters like Fredrikson & Byron P.A. report increased efficiency, as staff can now directly ask questions in Microsoft Teams instead of searching through Intapp Terms [4] - The implementation of Ask Intapp has led to a more streamlined process for reviewing outside counsel guidelines, enhancing overall operational efficiency [4]

Analysts on Wall Street project that Intapp (INTA) will announce quarterly earnings of $0.12 per share in its forthcoming report, representing an increase of 200% year over year. Revenues are projected to reach $111.54 million, increasing 17.9% from the same quarter last year. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period ...

PALO ALTO, Calif., June 26, 2024 (GLOBE NEWSWIRE) -- Intapp (NASDAQ:INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, announces that private equity firm Enventure has selected Intapp DealCloud and its AI capabilities to modernize deal management and investor relations. Leading change "During our pursuit of growth and the launch of two new funds, we've realized that it's imperative for us to transition from traditional spreadsheets to a ...

PALO ALTO, Calif., June 25, 2024 (GLOBE NEWSWIRE) -- Intapp (NASDAQ:INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, announces that Argonaut Private Equity has selected Intapp Employee Compliance to monitor, identify, and manage employee adherence to firm code of ethics and conflicts of interest policies. Modernizing employee compliance Additionally, Intapp Employee Compliance software will allow Argonaut employees to more easily compl ...

Intapp software helps professionals unlock their teams' knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp's portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world's top firms — across accounting, consulting, investment banking, legal, privat ...

Intapp software helps professionals unlock their teams' knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp's portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world's top firms — across accounting, consulting, investment banking, legal, privat ...

PALO ALTO, Calif., June 19, 2024 (GLOBE NEWSWIRE) -- Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that Old Mutual Alternative Investments (OMAI), one of Africa's leading private alternative investment managers, has selected Intapp DealCloud as its client relationship management platform. OMAI has investment capabilities across infrastructure, private equity, impact investing, hybrid capital, and dive ...

PALO ALTO, Calif., June 19, 2024 (GLOBE NEWSWIRE) -- Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that Old Mutual Alternative Investments (OMAI), one of Africa's leading private alternative investment managers, has selected Intapp DealCloud as its client relationship management platform. Leading strategic change Addressing client relationship management Multiplying success with Intapp About Intapp Ab ...