Intapp Announces Third Quarter Fiscal Year 2025 Financial Results

Core Viewpoint - Intapp, Inc. reported strong financial results for the third quarter of fiscal year 2025, highlighting significant growth in SaaS revenue and cloud annual recurring revenue (ARR) driven by increased client adoption of its AI-powered solutions [2][4][5]. Financial Highlights - Third quarter SaaS revenue reached $84.9 million, representing a 28% year-over-year increase [4][5]. - Total revenue for the third quarter was $129.1 million, a 17% year-over-year increase [5]. - Cloud ARR was $351.8 million as of March 31, 2025, also up 28% year-over-year, accounting for 77% of total ARR [5]. - Total ARR increased to $454.7 million, a 19% year-over-year growth [5]. - GAAP operating loss narrowed to $(5.7) million from $(7.4) million in the same quarter last year [5]. - Non-GAAP operating income was $20.3 million, up from $11.2 million year-over-year [5]. Business Highlights - As of March 31, 2025, Intapp served over 2,650 clients, with 748 clients having contracts exceeding $100,000 in ARR [3]. - The trailing twelve months' cloud net revenue retention rate was 119% as of March 31, 2025, indicating strong client retention and upselling [4][8]. - The company announced the acquisition of TermSheet, enhancing its capabilities in real assets software [8]. - Intapp DealCloud Activator was launched, integrating AI into daily workflows for business development [8]. Outlook - For the fourth quarter of fiscal year 2025, Intapp expects SaaS revenue between $89.0 million and $90.0 million and total revenue between $131.5 million and $132.5 million [6]. - The full fiscal year 2025 outlook includes total revenue projected between $500.6 million and $501.6 million [6].