Intapp Announces Second Quarter Fiscal Year 2025 Financial Results

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]