The upward trend in estimate revisions for this software developer reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. Investors might want to bet on Intapp (INTA) , as earnings estimates for this company have been showing solid improvemen ...

Intapp (INTA) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earnings picture i ...

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice. Shares of Intapp (INTA) have gained 19.3% over the past four weeks to close the last trading session at $37.36, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indica ...

A focus on compliant timekeeping will help Jackson Walker meet client billing expectations, provide prompt and accurate billing, and reduce errors that could require corrections down the line. Firm leaders will also be able to better evaluate engagement resources and tracked time against budget to optimize client service. PALO ALTO, Calif., May 15, 2024 (GLOBE NEWSWIRE) -- Intapp (NASDAQ:INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, ...

PALO ALTO, Calif., May 13, 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 senior management will attend and present at the following upcoming investor conference: J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference                          Date: Tuesday, May 21, 2024Location: Boston, Massachusetts Presentation: 9:30am ET A live webcast of the eve ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for th ...

For the quarter ended March 2024, Intapp (INTA) reported revenue of $110.64 million, up 20.2% over the same period last year. EPS came in at $0.14, compared to $0.03 in the year-ago quarter.The reported revenue represents a surprise of +2.28% over the Zacks Consensus Estimate of $108.18 million. With the consensus EPS estimate being $0.07, the EPS surprise was +100.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

[Intapp Third Quarter Fiscal Year 2024 Financial Results](index=1&type=section&id=Intapp%20Third%20Quarter%20Fiscal%20Year%202024%20Financial%20Results) [Q3 FY2024 Performance Highlights](index=1&type=section&id=Q3%20FY2024%20Performance%20Highlights) Intapp achieved strong Q3 results with significant revenue and cloud ARR growth, improved GAAP and non-GAAP profitability, successful AI product launches, and strategic acquisitions [Financial Highlights](index=1&type=section&id=Third%20Quarter%20of%20Fiscal%20Year%202024%20Financial%20Highlights) Q3 FY2024 saw 20% total revenue growth to $110.6 million and 33% cloud ARR growth to $274.2 million, with narrowed GAAP losses and increased non-GAAP profits Q3 FY2024 Key Financial Metrics (YoY) | Metric | Q3 FY2024 (Millions) | Q3 FY2023 (Millions) | % Change | | :--- | :--- | :--- | :--- | | Total Revenue | $110.6M | $92.0M | +20% | | SaaS and Support Revenue | $80.8M | $66.1M | +22% | | Cloud ARR | $274.2M | - | +33% | | Total ARR | $382.7M | - | +21% | | GAAP Operating Loss | $(7.4)M | $(18.2)M | N/A | | Non-GAAP Operating Profit | $11.2M | $2.9M | +286% | | GAAP Net Loss per Share | $(0.09) | $(0.28) | N/A | | Non-GAAP Diluted Net Income per Share | $0.14 | $0.03 | +367% | - Cloud ARR now constitutes **72% of Total ARR**, an increase from **65%** in the same period last year, indicating a successful shift towards cloud-based services[5](index=5&type=chunk) [Balance Sheet and Cash Flow Highlights](index=2&type=section&id=Balance%20Sheet%20and%20Cash%20Flow%20Highlights) Cash and cash equivalents increased to $187.4 million by March 31, 2024, and cash flow from operations more than doubled to $40.2 million Key Balance Sheet and Cash Flow Items | Metric | As of Mar 31, 2024 (Millions) | As of Jun 30, 2023 (Millions) | | :--- | :--- | :--- | | Cash and cash equivalents | $187.4M | $130.4M | | **Metric** | **Nine Months Ended Mar 31, 2024 (Millions)** | **Nine Months Ended Mar 31, 2023 (Millions)** | | Cash provided by operating activities | $40.2M | $16.8M | [Business Highlights](index=2&type=section&id=Business%20Highlights) Intapp expanded its client base to over 2,450 firms, maintained a 115% net revenue retention rate, launched new AI capabilities, and acquired delphai - As of March 31, 2024, the company served over **2,450 clients**, with **673** having contracts greater than **$100,000 of ARR**[7](index=7&type=chunk) - The trailing twelve months' net revenue retention rate was **115%**, within the expected range of **113% to 117%**[7](index=7&type=chunk) - Strategic initiatives included launching new vertical AI capabilities like Intapp Assist for DealCloud[7](index=7&type=chunk) - Acquiring AI software company delphai to enhance its data foundation[7](index=7&type=chunk) - Adding new clients such as Alix Partners, DAC Beachcroft, and Warner Norcross + Judd[7](index=7&type=chunk) [Fiscal Year 2024 Outlook](index=3&type=section&id=Fourth%20Quarter%20and%20Full%20Fiscal%20Year%202024%20Outlook) Intapp provided Q4 and full FY2024 guidance, projecting continued revenue growth and non-GAAP profitability Q4 and Full Fiscal Year 2024 Guidance | Metric | Q4 FY2024 Outlook (Millions) | Full FY2024 Outlook (Millions) | | :--- | :--- | :--- | | SaaS and support revenue | $83.5 - $84.5 | $314.5 - $315.5 | | Total revenue | $111.0 - $112.0 | $427.0 - $428.0 | | Non-GAAP operating profit | $10.5 - $11.5 | $35.5 - $36.5 | | Non-GAAP diluted net income per share | $0.11 - $0.13 (per share) | $0.42 - $0.44 (per share) | [Consolidated Financial Statements (GAAP)](index=6&type=section&id=Consolidated%20Financial%20Statements%20%28GAAP%29) Unaudited consolidated financial statements detail performance, showing 20% revenue growth, stronger assets, and improved cash from operations [Condensed Consolidated Statements of Operations](index=6&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q3 FY2024 total revenues grew 20% to $110.6 million, with SaaS and support up 22%, gross margin at 72.4%, and GAAP operating loss narrowed to $(7.4) million Q3 Statement of Operations Summary (in thousands) | Line Item | Three Months Ended Mar 31, 2024 (Thousands) | Three Months Ended Mar 31, 2023 (Thousands) | | :--- | :--- | :--- | | Total revenues | $110,639 | $92,024 | | Gross profit | $80,058 | $63,534 | | Gross margin | 72.4% | 69.0% | | Operating loss | $(7,446) | $(18,245) | | Net loss | $(6,890) | $(18,147) | | Net loss per share | $(0.09) | $(0.28) | [Condensed Consolidated Balance Sheets](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of March 31, 2024, total assets grew to $684.2 million, driven by increased cash to $187.4 million, with stable liabilities and higher stockholders' equity Balance Sheet Summary (in thousands) | Line Item | March 31, 2024 (Thousands) | June 30, 2023 (Thousands) | | :--- | :--- | :--- | | Cash and cash equivalents | $187,426 | $130,377 | | Total current assets | $308,141 | $254,839 | | Total assets | $684,202 | $628,907 | | Deferred revenue, net (current) | $195,502 | $191,042 | | Total liabilities | $298,230 | $287,699 | | Total stockholders' equity | $385,972 | $341,208 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) Net cash from operating activities for the nine months ended March 31, 2024, significantly increased to $40.2 million, driven by a smaller net loss and working capital changes Cash Flow Summary (in thousands) | Line Item | Nine Months Ended Mar 31, 2024 (Thousands) | Nine Months Ended Mar 31, 2023 (Thousands) | | :--- | :--- | :--- | | Net cash provided by operating activities | $40,152 | $16,834 | | Net cash used in investing activities | $(6,945) | $(6,430) | | Net cash provided by (used in) financing activities | $23,580 | $(10,327) | [Reconciliation of GAAP to Non-GAAP Financial Measures](index=10&type=section&id=RECONCILIATION%20OF%20GAAP%20TO%20NON-GAAP%20FINANCIAL%20MEASURES) This section reconciles GAAP to non-GAAP metrics, detailing adjustments for stock-based compensation and amortization, leading to higher non-GAAP profitability [Non-GAAP Operating Profit Reconciliation](index=11&type=section&id=Non-GAAP%20Operating%20Profit) Q3 FY2024 non-GAAP operating profit was $11.2 million, up from $2.9 million, primarily adjusted for $14.0 million in stock-based compensation and $2.6 million in amortization Q3 GAAP Operating Loss to Non-GAAP Operating Profit (in thousands) | Line Item | Three Months Ended Mar 31, 2024 (Thousands) | Three Months Ended Mar 31, 2023 (Thousands) | | :--- | :--- | :--- | | **GAAP operating loss** | **$(7,446)** | **$(18,245)** | | Stock-based compensation | $14,026 | $18,759 | | Amortization of intangible assets | $2,615 | $2,505 | | Other adjustments | $2,013 | $(139) | | **Non-GAAP operating profit** | **$11,208** | **$2,880** | [Non-GAAP Net Income Reconciliation](index=11&type=section&id=Non-GAAP%20Net%20Income) Q3 FY2024 non-GAAP net income was $11.2 million ($0.14 per diluted share), up from $2.2 million, adjusted from GAAP net loss for stock-based compensation and amortization Q3 GAAP Net Loss to Non-GAAP Net Income (in thousands) | Line Item | Three Months Ended Mar 31, 2024 (Thousands) | Three Months Ended Mar 31, 2023 (Thousands) | | :--- | :--- | :--- | | **GAAP net loss** | **$(6,890)** | **$(18,147)** | | Total non-GAAP adjustments | $18,654 | $21,125 | | Income tax effect of adjustments | $(611) | $(761) | | **Non-GAAP net income** | **$11,153** | **$2,217** | [Important Disclosures and Definitions](index=4&type=section&id=Important%20Disclosures%20and%20Definitions) This section outlines forward-looking statement risks and defines key non-GAAP financial measures and operational metrics used in the report [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) Forward-looking statements on financial outlook and growth strategy are subject to risks including sustained growth, economic conditions, competition, and acquisition integration - Key risks include ability to sustain growth, effects of global events, data security, managing economic downturns, competition (including in AI), and integration of acquisitions[13](index=13&type=chunk) [Non-GAAP Financial Measures and Other Metrics](index=5&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Other%20Metrics) This report utilizes non-GAAP measures, excluding items like stock-based compensation, and defines key operational metrics for performance evaluation - **Total ARR**: Annualized recurring value of all active SaaS and on-premise subscription license contracts at period end[16](index=16&type=chunk) - **Cloud ARR**: Portion of Total ARR derived from active SaaS contracts[16](index=16&type=chunk) - **Net Revenue Retention Rate**: Current period's ARR from a client cohort divided by the same cohort's ARR twelve months prior[17](index=17&type=chunk)

Wall Street analysts expect Intapp (INTA) to post quarterly earnings of $0.07 per share in its upcoming report, which indicates a year-over-year increase of 133.3%. Revenues are expected to be $108.18 million, up 17.6% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals its earnings, it is vital to take into ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Intapp (INTA) , which belongs to the Zacks Internet - Software industry, could be a great candidate to consider.When looking at the last two reports, this software developer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 91.67%, on average, in the last two quarters.For the last reported quarter, Intap ...