Group 1 - Markets have rebounded sharply in early 2025, indicating a shift towards a "risk on" attitude among investors [1] - Investors are favoring growth stocks while shedding concerns over escalating tariff wars and a pause in interest rate cuts [1] - Gary Alexander has extensive experience in technology companies and has been a contributor on Seeking Alpha since 2017, providing insights into industry trends [1]

Core Viewpoint - Intapp, Inc. is set to discuss its fiscal second quarter 2025 financial results, highlighting key trends and performance expectations for the upcoming quarters [2][3]. Group 1: Company Overview - Intapp's fiscal second quarter 2025 earnings call features key executives including John Hall, Chairman and CEO, and David Morton, CFO [2]. - The company will provide insights into its business strategies and anticipated performance, including guidance for the fiscal third quarter and full year 2025 [3]. Group 2: Financial Metrics - The call will include discussions on non-GAAP metrics that are believed to enhance understanding of the company's financial performance [4].

Core Insights - Intapp (INTA) reported revenue of $121.21 million for the quarter ended December 2024, marking a year-over-year increase of 16.6% and an EPS of $0.21, up from $0.11 a year ago, with a revenue surprise of +0.05% over the Zacks Consensus Estimate [1] Financial Performance - Cloud annual recurring revenue (Cloud ARR) reached $331.10 million, exceeding the average estimate of $326.20 million from four analysts [4] - Total annual recurring revenue (Total ARR) was $437.10 million, compared to the estimated $432.18 million from four analysts [4] - Total recurring revenues from SaaS and support amounted to $79.98 million, slightly below the average estimate of $80.13 million, reflecting a year-over-year change of +3.7% [4] - Professional services revenue was reported at $13.22 million, surpassing the average estimate of $13.14 million, with a year-over-year increase of +4.2% [4] - Subscription license recurring revenues totaled $28.02 million, exceeding the average estimate of $27.89 million, showing a significant year-over-year change of +98.1% [4] Profitability Metrics - Gross profit from recurring revenues in SaaS and support was $63.68 million, below the average estimate of $65.90 million [4] - Gross profit from professional services was reported at -$1.33 million, worse than the average estimate of -$0.33 million [4] - Gross profit from recurring revenues in subscription licenses was $26.39 million, also below the average estimate of $27.63 million [4] Stock Performance - Intapp shares have returned +12.6% over the past month, outperforming the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

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 ...

Core Viewpoint - Intapp (INTA) is positioned to continue its earnings-beat streak, having surpassed earnings estimates significantly in recent quarters [1]. Earnings Performance - In the last reported quarter, Intapp achieved earnings of $0.21 per share, exceeding the Zacks Consensus Estimate of $0.13 per share by 61.54% [2]. - In the previous quarter, the company reported earnings of $0.15 per share against an expected $0.12 per share, resulting in a surprise of 25% [2]. Earnings Estimates - Recent estimates for Intapp have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of another earnings beat [3][6]. - The current Earnings ESP for Intapp is +8.62%, reflecting growing analyst optimism regarding its near-term earnings potential [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [5].

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