Core Insights - Intapp (INTA) reported quarterly earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, and showing an increase from $0.11 per share a year ago, resulting in an earnings surprise of 23.53% [1][2] - The company achieved revenues of $121.21 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.05% and increasing from $103.93 million year-over-year [2] - Intapp has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The future performance of Intapp's stock will largely depend on management's commentary during the earnings call and the sustainability of its immediate price movement based on recent earnings and future expectations [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.19 on revenues of $126.36 million, and for the current fiscal year, it is $0.76 on revenues of $497.54 million [7] Industry Context - The Internet - Software industry, to which Intapp belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Commission File Number: 001-40550 Intapp, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 46-1467620 (State or other jurisdiction of incorporation or organization) 3101 Park Blvd Palo Alto, California 94306 (Address of principal executive offices) (Zip Code) (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 ...

Revenue Growth - Second quarter SaaS revenue reached $80.0 million, representing a 27% year-over-year increase[4] - Total revenue for the second quarter was $121.2 million, a 17% year-over-year increase[5] - Cloud annual recurring revenue (ARR) was $331.1 million, up 29% year-over-year, accounting for 76% of total ARR[5] - Total ARR increased to $437.1 million, reflecting a 20% year-over-year growth[5] - Total revenues for the three months ended December 31, 2024, increased to $121.2 million, up 16.5% from $103.9 million in the same period of 2023[27] - SaaS revenues reached $80.0 million for the three months ended December 31, 2024, representing a 26.7% increase compared to $63.1 million in the prior year[27] Profitability - Non-GAAP operating income for the second quarter was $18.9 million, compared to $7.6 million in the same quarter last year[5] - Non-GAAP net income was $17.4 million, up from $8.8 million year-over-year[5] - Non-GAAP gross profit for the three months ended December 31, 2024, was $93.0 million, reflecting a gross margin of 76.7%[32] - Non-GAAP operating income for Q4 2024 was $18,925 million, compared to $7,606 million in Q4 2023, reflecting a significant increase of 148.5%[34] - Non-GAAP net income for Q4 2024 reached $17,405 million, up from $8,765 million in Q4 2023, marking a 98.5% increase[35] - Free cash flow for Q4 2024 was $25,177 million, compared to $11,822 million in Q4 2023, indicating a growth of 113.5%[37] Expenses - Operating expenses for the three months ended December 31, 2024, totaled $98.9 million, an increase of 17.5% from $84.2 million in the same period of 2023[27] - GAAP research and development expenses increased to $33,325 million in Q4 2024 from $27,981 million in Q4 2023, representing a 19.3% increase[33] - Non-GAAP sales and marketing expenses rose to $32,291 million in Q4 2024 from $28,985 million in Q4 2023, a 7.5% increase[33] - Non-GAAP general and administrative expenses decreased slightly to $15,374 million in Q4 2024 from $16,133 million in Q4 2023, a decline of 4.7%[33] Cash and Assets - Cash and cash equivalents stood at $285.6 million as of December 31, 2024, up from $208.4 million as of June 30, 2024[8] - Total assets grew to $800.6 million as of December 31, 2024, compared to $733.0 million as of June 30, 2024[29] - The company reported net cash provided by operating activities of $25.2 million for the three months ended December 31, 2024, compared to $12.0 million in the same period of 2023[31] - The company reported net cash provided by operating activities of $25,239 million for Q4 2024, compared to $12,035 million in Q4 2023, a 109.9% increase[37] Guidance - The company expects third quarter SaaS revenue guidance of $84.0 - $85.0 million[9] - Total revenue guidance for the fiscal year 2025 is projected to be between $498.5 - $502.5 million[9] Deferred Revenue - Deferred revenue, net, increased to $235.0 million as of December 31, 2024, compared to $218.9 million as of June 30, 2024[29] Net Loss - The net loss for the three months ended December 31, 2024, was $10.2 million, compared to a net loss of $9.2 million in the same period of 2023[27] - GAAP net loss per share for Q4 2024 was $(0.13), consistent with $(0.13) in Q4 2023, while non-GAAP net income per share increased to $0.21 from $0.11[35] - Total GAAP operating loss for the first half of 2024 was $(17,440) million, an improvement from $(25,047) million in the same period of 2023[34] Methodology Change - The company adjusted its free cash flow calculation methodology starting Q2 2024 to exclude capitalized internal-use software costs and cash paid for interest, aligning with industry standards[38]

Core Insights - Intapp, Inc. reported strong financial results for its fiscal second quarter ended December 31, 2024, highlighting growth in SaaS and cloud revenues driven by new client acquisitions and expanded relationships [2][4][5] - The company emphasized its focus on AI and cloud adoption across the industries it serves, indicating a positive outlook for future growth [2][4] Financial Highlights - SaaS revenue reached $80.0 million, marking a 27% increase year-over-year [4][5] - Total revenue was $121.2 million, reflecting a 17% year-over-year increase [5] - Cloud annual recurring revenue (ARR) stood at $331.1 million, up 29% year-over-year, representing 76% of total ARR [4][5] - Non-GAAP operating income was $18.9 million, compared to $7.6 million in the same quarter of the previous year [5] - Cash and cash equivalents increased to $285.6 million from $208.4 million as of June 30, 2024 [5] Client and Market Engagement - The company served over 2,650 clients, with 728 clients having contracts exceeding $100,000 in ARR [5] - Intapp continued to expand its client base, adding firms such as Milsted Langdon and Alvarez & Marsal [5] - The company was recognized in Forbes' America's Most Successful Mid-Cap Companies listing for 2024 [5] Outlook - For the third quarter of fiscal year 2025, Intapp expects SaaS revenue between $84.0 million and $85.0 million and total revenue between $128.3 million and $129.3 million [6] - The full fiscal year 2025 guidance includes total revenue projected between $498.5 million and $502.5 million [6]

PALO ALTO, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Intapp, Inc., (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, will report fiscal second quarter 2025 financial results after the market close on February 4, 2025. On that day, management will host a webcast at 5 p.m. ET to discuss the company’s business and financial results. Investors and other interested parties can access the webcast as follows: What: Intapp fiscal secon ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Intapp (INTA) , which belongs to the Zacks Internet - Software industry.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 43.27%, on average, in the last two quarters.For the last reported quarter, Intapp came out with earnings of $0.21 per share ver ...

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PALO ALTO, Calif., Dec. 03, 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 U.K. accounting firm Milsted Langdon has selected two Intapp Collaboration solutions: Intapp Documents and Intapp Workspaces. These solutions will enable modern work by transforming the firm’s Microsoft 365 platform into an engagement-centric collaboration solution. Enabling modern work“Our professi ...

Group 1 - The current market environment is characterized by volatility around all-time highs, prompting value-oriented investors to focus on smaller, lesser-known stocks with strong value propositions [1] - Gary Alexander has extensive experience in the technology sector, having worked on Wall Street and in Silicon Valley, and has been involved with seed-round startups [1] - Alexander has been a contributor to Seeking Alpha since 2017 and his insights are widely disseminated across various trading platforms, including Robinhood [1]

Revenue and Financial Performance - Total revenues for the three months ended September 30, 2024, were $118.805 million, compared to $101.575 million for the same period in 2023[7] - SaaS revenue increased to $76.876 million in Q3 2024, up from $58.913 million in Q3 2023[7] - Total revenues for the three months ended September 30, 2024, were $118.8 million, compared to $101.6 million in the same period in 2023, representing a 16.9% increase[19] - U.S. revenues increased to $78.6 million in 2024 from $69.9 million in 2023, a 12.5% growth, while U.K. revenues grew by 35.8% to $20.0 million from $14.7 million[19] - Total revenues increased by $17.2 million, or 17%, in Q3 2024 compared to Q3 2023[85] - SaaS revenues increased by $18.0 million, or 30%, in Q3 2024 compared to Q3 2023, driven by new client acquisitions and expansion of existing clients[86] - License revenues grew by $0.4 million, or 2%, in Q3 2024 compared to Q3 2023[86] - Professional services revenues decreased by $1.2 million, or 8%, in Q3 2024 compared to Q3 2023 due to a shift in resource delivery to third-party implementation partners[86] - Total revenues for the three months ended September 30, 2024 were $118.8 million with a gross margin of 73%[60] Net Loss and Profitability - Net loss for Q3 2024 was $4.520 million, an improvement from a net loss of $15.321 million in Q3 2023[7] - Comprehensive loss for Q3 2024 was $4.025 million, compared to $15.612 million in Q3 2023[9] - Net loss for the three months ended September 30, 2023 was $15.3 million[11] - Operating loss improved to $7.3 million in Q3 2024 from $14.0 million in Q3 2023[83] - Net loss decreased to $4.5 million in Q3 2024 from $15.3 million in Q3 2023[83] - Gross profit increased by $16.9 million, or 24%, in Q3 2024 compared to Q3 2023[88] - Gross profit increased by $16.9 million, or 24%, for the three months ended September 30, 2024, driven by SaaS revenue growth and cost reductions[92] Cash and Cash Equivalents - Cash and cash equivalents increased to $253.847 million as of September 30, 2024, compared to $208.370 million as of June 30, 2024[6] - Cash, cash equivalents and restricted cash as of September 30, 2023 was $141.7 million[12] - Total cash and cash equivalents as of September 30, 2024 were $253.8 million[60] - Cash and cash equivalents as of September 30, 2024, totaled $253.8 million, held with high credit quality financial institutions, including money market funds[110] Accounts Receivable and Deferred Revenue - Accounts receivable decreased to $62.053 million as of September 30, 2024, from $95.103 million as of June 30, 2024[6] - Deferred revenue decreased to $203.114 million as of September 30, 2024, from $218.923 million as of June 30, 2024[6] - Deferred commissions were $30.7 million as of September 30, 2024, down from $32.4 million as of June 30, 2024, with amortization expense of $4.0 million for the quarter[20] - Unbilled accounts receivable decreased to $12.98 million as of September 30, 2024, from $13.36 million as of June 30, 2024, while deferred revenue, net, decreased to $205.2 million from $222.5 million[21] - The company recognized $88.5 million in revenue from deferred revenue for the three months ended September 30, 2024, compared to $65.3 million in the same period in 2023[21] - Remaining performance obligations as of September 30, 2024, were $549.4 million, with 56% expected to be recognized within the next 12 months[22] - Remaining performance obligations as of September 30, 2024 were $549.4 million[60] Operating Expenses - Total operating expenses for Q3 2024 were $94.125 million, up from $83.967 million in Q3 2023[7] - Research and development expenses increased to $32.427 million in Q3 2024, compared to $28.496 million in Q3 2023[7] - Research and development expenses increased by $3.9 million, or 14%, primarily due to higher personnel and contractor costs[93] - Sales and marketing expenses increased by $3.3 million, or 10%, driven by higher personnel costs and sales commissions[94] - General and administrative expenses increased by $2.9 million, or 14%, primarily due to higher personnel-related costs[95] - Cost of SaaS revenues increased by $2.6 million, or 21%, in Q3 2024 compared to Q3 2023, primarily due to higher amortization, overhead, and personnel costs[89] - Cost of professional services revenues decreased by $2.3 million, or 13%, in Q3 2024 compared to Q3 2023, mainly due to reduced personnel-related costs[91] Stockholders' Equity and Stock-Based Compensation - Stockholders' equity increased to $442.120 million as of September 30, 2024, from $403.238 million as of June 30, 2024[6] - Total stockholders' equity as of September 30, 2023 was $346.7 million[11] - Stock-based compensation for the three months ended September 30, 2023 was $18.8 million[11] - Stock-based compensation expense totaled $19.9 million, or 17% of total revenues, in Q3 2024[84] - Stock options exercised during the three months ended September 30, 2024 had a total intrinsic value of $67.3 million and generated $22.9 million in proceeds[47] - PSUs granted during the three months ended September 30, 2024 had a grant fair value of $38.34 per share[48] Cash Flow and Financing Activities - Net cash provided by operating activities for the three months ended September 30, 2023 was $11.6 million[12] - Operating cash flow for the three months ended September 30, 2024 was $24.4 million[60] - Net cash provided by operating activities was $24.4 million for the three months ended September 30, 2024, up from $11.6 million in the same period in 2023[99] - Net cash used in investing activities was $2.8 million, primarily for capitalized internal-use software costs and property and equipment[101] - Net cash provided by financing activities was $21.5 million, primarily from stock option exercises[102] - The company had cash and cash equivalents of $253.8 million as of September 30, 2024[98] - No amounts have been borrowed under the $100 million JPMorgan Credit Facility as of September 30, 2024[104] - The company has a senior secured revolving credit facility of up to $100.0 million, with no outstanding loan balance as of September 30, 2024[110] - Future borrowings under the credit facility will accrue interest at a variable rate based on SOFR plus a spread ranging from 1.75% to 2.50% or an alternate base rate plus a spread ranging from 0.75% to 1.50%[110] Intangible Assets and Goodwill - Goodwill increased by $0.5 million due to foreign currency translation adjustments, reaching $286.5 million as of September 30, 2024[24] - Intangible assets, net, decreased to $37.3 million as of September 30, 2024, from $40.3 million as of June 30, 2024, with amortization expense of $3.0 million for the quarter[26][28] - Capitalized internal-use software costs were $1.6 million for the three months ended September 30, 2024, with amortization expense of $0.9 million[35] - Capitalized cloud computing implementation costs were $0.8 million for the three months ended September 30, 2024, with amortization expense of $0.1 million[36] Contingent Consideration and Liabilities - The fair value of contingent consideration liabilities was $0.3 million as of September 30, 2024, down from $2.6 million as of June 30, 2024, due to payments and adjustments[32][33] - Contingent consideration liabilities decreased from $6,681 thousand to $5,250 thousand as of September 30, 2023, with a payment of $1,387 thousand and a change of $920 thousand during the three months ended September 30, 2024[34] Lease and Operating Costs - Operating lease costs increased from $1,500 thousand to $1,705 thousand for the three months ended September 30, 2024[38] - The weighted-average remaining lease term decreased from 6.0 years to 5.2 years as of September 30, 2024[39] - Cash payments for operating lease liabilities increased from $1,695 thousand to $2,151 thousand for the three months ended September 30, 2024[40] Client and Revenue Concentration - No client individually accounted for 10% or more of the company's revenues for the three months ended September 30, 2023[17] - One client accounted for 16% of the company's total accounts receivable as of June 30, 2024[17] - Clients representing more than 10% of accounts receivable balance were zero as of September 30, 2024, compared to one as of June 30, 2024[108] ARR and Cloud Metrics - ARR increased by 19% to $417.2 million as of September 30, 2024 compared to $350.1 million as of September 30, 2023[65] - Cloud ARR increased by 27% to $309.1 million as of September 30, 2024 compared to $242.5 million as of September 30, 2023[66] - Trailing twelve months' NRR as of September 30, 2024 was 114%[67] - Trailing twelve months' Cloud NRR as of September 30, 2024 was 119%[68] - The company had over 2,600 clients as of September 30, 2024[69] - The company had 707 clients with contracts greater than $100,000 of ARR as of September 30, 2024[69] Inflation and Interest Rate Impact - The company does not believe inflation has had a material effect on its business, results of operations, or financial condition[109] - A hypothetical 100 basis points change in interest rates would not materially impact the company's operating results or the fair value of cash and cash equivalents over the next twelve months[110] - The company's exposure to foreign currency exchange risk is primarily related to accounts receivable, cash balances, employee compensation obligations, and lease liabilities denominated in non-U.S. dollar currencies[107] - A hypothetical 10% change in foreign currency exchange rates would result in an immaterial gain or loss on operating results over the next twelve months[107] Internal Controls and Financial Reporting - The company's disclosure controls and procedures were effective at the reasonable assurance level as of the end of the period covered by the Quarterly Report[111] - No changes in internal control over financial reporting were identified during the quarter ended September 30, 2024, that materially affected or are likely to materially affect the company's internal control[112] Cloud Services Commitment - The company has $90.9 million remaining on its $110.0 million cloud services commitment with Microsoft as of September 30, 2024[42] Acquisition and Working Capital Adjustments - The company paid $0.9 million for working capital adjustments related to the acquisition of Transform Data International B.V. during the quarter[23]