Core Viewpoint - Intapp (INTA) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimate Revisions - Current-quarter earnings are projected at $0.13 per share, reflecting a year-over-year increase of +116.67%. Over the last 30 days, two estimates have been revised upward, leading to a 9.8% increase in the Zacks Consensus Estimate [4]. - For the full year, the earnings estimate stands at $0.62 per share, indicating a +37.78% change from the previous year. In the past month, six estimates have been raised against one negative revision, resulting in a 32.09% increase in the consensus estimate [5]. Zacks Rank and Performance - Intapp has achieved a Zacks Rank 2 (Buy) due to favorable estimate revisions, which historically correlate with strong stock performance. Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have significantly outperformed the S&P 500 [6]. - The stock has risen by 14.6% over the past four weeks, indicating strong investor interest, with potential for further upside [7].

There's nothing like a double beat on quarterly earnings to attract the right kind of attention from investors. Intapp (INTA 1.24%) isn't one of the larger or more prominent fintech stocks on the scene, but it's sure proving to be popular with investors lately. On the back of a solid earnings report published early in the week, market players have charged into the company. According to data compiled by S&P Global Market Intelligence, Intapp was up by nearly 23% week to date as of Friday before market open. ...

Financial Data and Key Metrics Changes - Cloud ARR grew 33% year-over-year to $297 million, representing 73% of total ARR of $404 million [5][24] - Total revenue for Q4 was $114 million, up 21% year-over-year, with SaaS and support revenue of $85 million, up 25% year-over-year [5][19] - Non-GAAP gross margin for Q4 was 76.1%, compared to 69.9% in the prior year [23] - Non-GAAP diluted EPS was $0.15 for Q4, compared to $0.04 in the prior year [23] Business Line Data and Key Metrics Changes - SaaS revenue for Q4 was $70.8 million, up 31% year-over-year, driven by new client acquisitions and contract expansions [20] - Professional services revenue was $13.3 million, marking a 9% year-over-year decrease, reflecting a strategy to focus on customer satisfaction [21] - Total remaining performance obligations were $566.5 million, up 40% year-over-year [24] Market Data and Key Metrics Changes - International operations accounted for approximately 34% of total revenue for fiscal Q4 [21] - The company ended the year serving over 2,550 premier firms across target verticals [14] Company Strategy and Development Direction - The company is focused on expanding its vertical SaaS platform and applied AI strategy, with significant growth in cloud ARR and new product offerings [4][18] - Strategic partnerships, particularly with Microsoft, are enhancing the company's growth and market presence [11][12] - The company is investing in product development and go-to-market strategies to support growth and operational efficiency [19][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for fiscal year 2025, citing a strong foundation for sustained growth and execution in a large addressable market [5][18] - The demand for digitalization in the financial services sector is expected to continue, providing opportunities for growth [36] Other Important Information - The company added five new partnerships in Q4, bringing the total to 130 data technology and services partners [13][22] - The company has made significant progress in its AI strategy, with new offerings contributing to client engagement and satisfaction [41][62] Q&A Session Summary Question: Can you elaborate on the professional services work being done by KPMG? - Management noted that while professional services are growing, they are doing so at a slower pace intentionally, leveraging partnerships like KPMG to meet client demands [29] Question: What is driving the increase in SaaS share within the SaaS and Support line? - Management indicated that the increase is purposeful, with a long-term goal of over 90% of revenue being SaaS-oriented [32] Question: How is the demand environment for professional and financial services expected to evolve? - Management highlighted strong underlying demand for digitalization in the financial services sector, which is expected to continue into 2025 [36] Question: What is the expected contribution from AI offerings in fiscal 2025? - Management stated that minimal contribution is expected from AI offerings in the upcoming fiscal year, as they are still in early stages [44][45] Question: How is the company planning to leverage its partner ecosystem? - Management emphasized a client-driven approach, focusing on creating meaningful business value through partnerships [64]

Core Insights - Intapp reported revenue of $114.38 million for the quarter ended June 2024, reflecting a year-over-year increase of 20.9% and surpassing the Zacks Consensus Estimate of $111.54 million by 2.54% [1] - The company's EPS for the quarter was $0.15, compared to $0.04 in the same quarter last year, resulting in an EPS surprise of 25.00% against the consensus estimate of $0.12 [1] Revenue Metrics - Total Annual Recurring Revenue (ARR) reached $404.20 million, exceeding the average estimate of $394.78 million from five analysts [3] - Cloud Annual Recurring Revenue (Cloud ARR) was reported at $296.70 million, surpassing the average estimate of $287.67 million from five analysts [4] - Total Recurring Revenues amounted to $101.09 million, which is higher than the average estimate of $97.43 million based on six analysts, marking a year-over-year increase of 26.4% [6] - Total Recurring Revenues from Subscription License reached $16.12 million, exceeding the average estimate of $13.29 million from six analysts, representing a year-over-year increase of 32.5% [8] - Total Recurring Revenues from SaaS and support were reported at $84.97 million, slightly above the average estimate of $84.13 million from six analysts, indicating a year-over-year increase of 25.3% [9] Client Metrics - The number of clients increased to 2,550, surpassing the average estimate of 2,489 from two analysts [5] Professional Services - Revenues from Professional Services were reported at $13.29 million, which fell short of the average estimate of $14.11 million from six analysts, reflecting a year-over-year decrease of 9.1% [7] Stock Performance - Intapp's shares have returned -7.8% over the past month, compared to a -4.8% change in the Zacks S&P 500 composite [9]

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 ...