Have you been paying attention to shares of Intapp (INTA) ? Shares have been on the move with the stock up 27.8% over the past month. The stock hit a new 52-week high of $45.81 in the previous session. Intapp has gained 20.5% since the start of the year compared to the 21.1% move for the Zacks Computer and Technology sector and the 14.2% return for the Zacks Internet - Software industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our e ...

PALO ALTO, Calif., Aug. 28, 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 NORD Holding has selected Intapp DealCloud to modernize its investor relations (IR) and fundraising functions. Intapp NORD Holding Ali Robinson David van de Fliert Global Media Relations Director, Intapp Manager Investor Relations ali.robinson@intapp.com vandefliert@nordholding.de +49 151 12 22 47 0 ...

Client Growth and Market Presence - As of June 30, 2024, the company had over 2,550 clients, with a 38% increase in clients with contracts greater than $1 million in annual recurring revenues (ARR), rising from 53 to 73 clients[8] - Intapp serves over 2,550 clients, including 95 of the Am Law 100 law firms and 15 of the top 20 accounting firms, with no single client representing more than 10% of total revenues in fiscal year 2024[26] - The company is expanding its client base by targeting underserved markets and investing in sales and marketing efforts[25] - The company serves over 2,550 clients across more than 55 countries, indicating a broad international presence[66] Product and Technology Development - The company’s AI-powered solutions are designed to enhance operational efficiency and client relationships, enabling firms to increase client fees and investment returns[9] - The company’s applied AI capabilities have been developed over more than 10 years, focusing on automation, machine learning, and generative AI to optimize critical processes[18] - The company’s solutions include Intapp DealCloud, which enhances client relationship management and deal processes, driving higher success fees and investment returns[10] - The company’s collaboration solutions leverage Microsoft 365 and AI to improve client experiences and operational efficiency[10] - The company’s focus on industry-specific software and AI technology positions it to meet the unique needs of professional and financial services firms[8] - Intapp's Applied AI strategy enhances its cloud offerings, helping clients address unique business challenges through advanced AI capabilities[23] - The company is expanding its SaaS solutions to incorporate recent innovations in AI, which may present risks if these initiatives do not succeed[41] Financial Performance and Growth - Total revenues for the year ended June 30, 2024, were $430,523,000, representing a 22.7% increase from $350,873,000 in the previous year[226] - SaaS and support revenues reached $315,960,000, up from $252,310,000, indicating a growth of 25.3% year-over-year[226] - The company reported a net loss of $32,021,000 for the year ended June 30, 2024, an improvement from a net loss of $69,425,000 in the prior year[228] - Gross profit for the year was $306,862,000, compared to $239,411,000 in the previous year, reflecting a gross margin increase[226] - Research and development expenses increased to $113,634,000, up from $93,851,000, marking a 21.1% rise year-over-year[226] - The company has incurred net losses in fiscal years 2024, 2023, and 2022, indicating a need to generate higher revenue levels to achieve profitability[45] Compliance and Regulatory Challenges - The company is investing in compliance efforts for GDPR and CCPA, which may incur substantial costs and require modifications to data processing practices[36] - The company is subject to various laws and regulations regarding data protection and privacy, which are evolving and may impose additional compliance burdens[36] - The company faces evolving cybersecurity regulations and compliance requirements, which may increase operational costs[51] - The company is subject to stringent data protection laws, such as GDPR, which can impose fines up to 4% of worldwide revenues or €20 million for breaches[74] Risks and Market Conditions - A significant portion of the company's sales is derived from clients in the professional and financial services industry, which is subject to economic downturns and regulatory changes that could adversely affect demand for its solutions[46] - The company is experiencing seasonality in billings, with a higher percentage of billings typically recorded in the fourth quarter compared to other quarters[37] - The company faces risks related to lengthy and variable sales cycles, which could impact revenue generation[41] - The company’s financial performance could be adversely affected by significant economic and market downturns, including those related to geopolitical events and inflation[48] - The company anticipates increased competition as clients move more data and computational needs to the cloud[62] Acquisitions and Strategic Growth - The company completed two acquisitions in fiscal year 2024: delphai GmbH, which applies AI to public data, and TDI, enhancing its technology capabilities[25] - The company expects to continue growth through targeted acquisitions, including the acquisition of delphai and TDI in fiscal year 2024[63] - The company may continue to expand through acquisitions or partnerships, which could divert management's attention and introduce integration challenges[41] Operational and Financial Management - The company has a strong focus on research and development, with teams located in multiple countries, including the U.S., U.K., Germany, and Northern Ireland[31] - The company has significant U.S. federal and state net operating loss (NOL) carryforwards, which may be limited by ownership changes or changes in tax laws[95] - The company has cash and cash equivalents of $208.4 million as of June 30, 2024, held with multiple high credit quality financial institutions[205] - The company has not experienced any material losses related to non-payment of receivables from clients during fiscal years 2024, 2023, and 2022[203] Client Satisfaction and Implementation Challenges - The company faces challenges in delivering high-quality implementation and technical support services, which are critical for client retention and revenue growth[72] - Client dissatisfaction with implementation services can lead to revenue and profitability declines, potentially harming the company's financial position[72] - The complexity of implementing solutions can lead to unexpected delays and increased costs for clients, impacting overall satisfaction and retention[72] - The company’s reputation is heavily reliant on successful client implementations and the resolution of post-implementation issues[73]

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]