Financial Data and Key Metrics - Cloud ARR grew to $309 million, up 27% YoY, representing 74% of total ARR of $417 million [4] - SaaS revenue reached $77 million, up 30% YoY, while total revenue was $119 million, up 17% YoY [4] - Non-GAAP gross margin improved to 76.3%, up from 71.8% in the prior year period [16] - Non-GAAP operating income was $15.1 million, compared to $6.4 million in the prior year period [16] - Free cash flow was $24.1 million, or 20% of total revenue [16] - Total remaining performance obligations were $549.4 million, up 32% YoY [16] Business Line Performance - Intapp Assist for DealCloud introduced two new AI-powered features: sourcing recommendations and smart tagging [5] - Intapp Assist for Terms was launched, enabling legal professionals to comply with client terms via Microsoft Teams [6] - Intapp Walls for Copilot gained traction, helping firms use Microsoft Copilot AI securely [7] - The company expanded its partner ecosystem, now totaling 135 data, technology, and services partners [8] Market Performance - International operations contributed 34% of total revenue, up from 31% a year ago [14] - The company added new clients across verticals, including a top-ranked venture capital firm in the US and TGS Baltic in the Baltic states [10][11] - Cloud migrations progressed, with notable examples including Honigman and a New York-based Am Law 100 firm [12] Strategy and Industry Competition - The company is focusing on cloud business over on-premise and service offerings, with 92% of clients adopting at least one cloud module [13] - Intapp is leveraging its partnership with Microsoft to drive growth, including co-selling through the Azure Marketplace [8][23] - The company is investing in AI capabilities, with Intapp Assist and Walls for Copilot contributing to growth [16] Management Commentary on Operating Environment and Outlook - Management highlighted strong demand and a robust pipeline, with no significant impact from macroeconomic factors [19] - The company expects SaaS revenue of $79.5-$80.5 million for Q2 FY25, with total revenue of $120.5-$121.5 million [17] - Full-year FY25 guidance includes SaaS revenue of $327.6-$331.6 million and total revenue of $495.5-$499.5 million [17] Other Important Information - The company has over 2,600 clients, with 707 having an annual recurring revenue of at least $100,000 [16] - Cloud net revenue retention rate reached 119% in Q1 FY25 [16] Q&A Session Summary Question: Deal Environment and Financial Services Outlook - No change in the deal environment, with strong demand and a robust pipeline [19] Question: ARR and Billing Dynamics - The company is focusing on enterprise accounts, with 70% of SAM in the top 2,000 accounts [21] Question: Alliance Impact and Revenue Contribution - The Microsoft partnership is the largest, with increased co-marketing and co-selling activities [23] Question: Margin Upside and Reinvestment - Margin improvement driven by services mix and cloud optimization, with continued investment in product-led growth [25] Question: SaaS Revenue Mix and Guidance - The company is being prudent with revenue mix, balancing license and cloud evolution [28] Question: Cloud ARR Growth Potential - Cloud ARR growth is driven by new logos, cross-selling, and upselling, with potential for larger deals [32] Question: Sales Team Changes and Productivity - The company reorganized its sales team to focus on enterprise accounts, with positive early results [35] Question: Cloud NRR Drivers - Cloud NRR driven by cross-selling and upselling success, with a focus on cloud metrics [37] Question: On-Premise to SaaS Migration Journey - The company is encouraging clients to migrate to the cloud, leveraging AI capabilities and scalability benefits [39] Question: Net New ARR Lumpy Performance - Net new ARR performance is influenced by deal timing and resource allocation [41] Question: Generative AI Pricing and Packaging - The company is seeing success with specific AI applications, defending pricing through value propositions [44] Question: KPMG Deal and Azure Marketplace Impact - The KPMG deal highlights the company's collaboration product and the benefits of the Azure Marketplace [46][48] Question: Microsoft Partnership and AI Strategy Flexibility - The company is not exclusive with Microsoft on AI technology but benefits from the strategic partnership [51] Question: Large Deal Activity and Pipeline Strength - Large deal activity is influenced by resource allocation to enterprise accounts, with a strong pipeline [55] Question: Capital Markets Activity and Growth Assumptions - The company's end markets remain healthy, with growth driven by execution rather than external factors [56]

Intapp (INTA) reported $118.81 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 17%. EPS of $0.21 for the same period compares to $0.06 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $117.85 million, representing a surprise of +0.82%. The company delivered an EPS surprise of +61.54%, with the consensus EPS estimate being $0.13.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Intapp (INTA) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 61.54%. A quarter ago, it was expected that this software developer would post earnings of $0.12 per share when it actually produced earnings of $0.15, delivering a surprise of 25%.Over the last four quarters, the company h ...

PALO ALTO, Calif., Oct. 22, 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 global consulting firm Alvarez & Marsal has selected Intapp DealCloud as its deal and pipeline management solution. Alvarez & Marsal’s rapidly expanding Corporate Finance practice group will use DealCloud to manage origination, sales pipeline, and deal workflows. Supporting teams with technology “We ...

PALO ALTO, Calif., Oct. 21, 2024 (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 first quarter 2025 financial results after the market close on November 4, 2024. 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 first ...

PALO ALTO, Calif., Oct. 15, 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 Crete Professionals Alliance (Crete PA) has implemented Intapp Conflicts to centralize the conflicts and independence process that protect Crete PA and its member firms alike. Keeping pace with industry change The accounting industry is undergoing a fundamental change, driven in part by an increase ...

Here are two stocks with buy rank and strong momentum characteristics for investors to consider today, October 11th: Centrus Energy (LEU) : This company which is a supplier of enriched uranium fuel for commercial nuclear power plants, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its next year earnings increasing 1.0% over the last 60 days. Centrus Energy's shares gained 18.4% over the last three month compared with the S&P 500's gain of 2.8%. The company possesses a Moment ...

Have you been paying attention to shares of Intapp (INTA) ? Shares have been on the move with the stock up 5.6% over the past month. The stock hit a new 52-week high of $51.8 in the previous session. Intapp has gained 26.5% since the start of the year compared to the 25.4% move for the Zacks Computer and Technology sector and the 22.1% return for the Zacks Internet - Software industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed o ...

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Intapp (INTA) shares ended the last trading session 6% higher at $47.51. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.5% gain over the past four weeks. Intapp is benefiting from robust cloud ARR growth and an expanding partnership with Microsoft, positioning it for continued success in the vertical SaaS and AI markets. This software developer is expected to post quarterly earnings of $0.13 per share in its upc ...