In This Article:
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Cloud ARR: $352 million, up 28% year over year.
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Total ARR: $455 million.
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SaaS Revenue: $85 million, up 28% year over year.
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Total Revenue: $129 million, up 17% year over year.
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License Revenue: $31.7 million, up 2% year over year.
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Professional Services Revenue: $12.5 million, down 6% year over year.
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Non-GAAP Gross Margin: 77.9%, up from 75.1% in the prior year period.
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Non-GAAP Operating Expenses: $80.3 million, compared to $71.9 million in the prior year period.
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Non-GAAP Operating Income: $20.3 million, compared to $11.2 million in the prior year period.
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Non-GAAP Diluted EPS: $0.26, compared to $0.14 in the prior year period.
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Free Cash Flow: $35.1 million, or 27% of total revenue.
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Cash and Cash Equivalents: $323.2 million.
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Total Remaining Performance Obligations: $621.5 million, up 33% year over year.
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Cloud Net Revenue Retention Rate: 119%.
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Clients with ARR of at least $100,000: 748, up from 673 in the previous year.
Release Date: May 06, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Intapp Inc (NASDAQ:INTA) reported strong quarterly results with cloud ARR growing to $352 million, up 28% year over year.
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The company launched new AI-enabled solutions, including Intapp DealCloud Activator and a transformed Intapp Time product, enhancing their product offerings.
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Intapp Inc (NASDAQ:INTA) successfully acquired TermSheet, expanding their capabilities in the real assets sector and enhancing their vertical strategy.
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The company continues to expand its partner ecosystem, signing eight new partners this quarter, bringing the total to over 140.
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Intapp Inc (NASDAQ:INTA) demonstrated strong international growth, with international revenue accounting for over a third of total revenue and growing 20% year over year.
Negative Points
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Professional services revenue declined by 6% year over year, reflecting a strategic decision to outsource more activities.
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Calculated billings came in below estimates, indicating potential timing issues or lumpiness in the metric.
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The SaaS revenue performance slightly missed the high end of the guidance, raising concerns about visibility and upside potential.
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There is uncertainty regarding the financial contribution and integration timeline of the TermSheet acquisition.
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Stock-based compensation as a percentage of revenue has varied over the last two years, creating challenges in forecasting future trends.
Q & A Highlights
Q: Can you discuss the acyclic nature of your business and how deal activity impacts growth? A: John Hall, CEO, explained that Intapp's business is driven by a steady demand for cloud and AI adoption among law firms, accounting firms, consulting firms, investment banks, and private capital firms. These sectors have shown consistent demand through various economic cycles, including the 2008 recession and COVID-19. The need for digital transformation and AI adoption fuels growth, independent of broader economic conditions.