Business
Intapp Announces First Quarter Fiscal Year 2022 Financial Results
First quarter total revenue of $62.2 million, up 29% year-over-yearFirst quarter SaaS and support revenue of $43.5 million, up 31% year-over-yearCloud annual
About this update from Intapp, Inc.
[{"type":"text","content":"First quarter total revenue of $62.2 million, up 29% year-over-yearFirst quarter SaaS and support revenue of $43.5 million, up 31% year-over-yearCloud annual recurring revenue (ARR) of $125.3 million, up 56% year-over-year PALO ALTO, Calif., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Intapp, Inc. (NASDAQ: INTA), a leading provider of industry-specific, cloud-based software solutions that enable connected professional and financial services firms, announced its financial results for the first quarter of fiscal year 2022 ended September 30, 2021. “In our fiscal first quarter, we are pleased to report a 56% increase in Cloud ARR,” said CEO John Hall. “This sales momentum is driven by demand for our purpose-built Cloud platform, which addresses the unique needs of the global professional and financial services industry that facilitates the world's economy.” First Quarter of Fiscal Year 2022 Financial Highlights Total revenue was $62.2 million, representing a 29% year-over-year increase compared to the first quarter of fiscal year 2021.SaaS and support revenue was $43.5 million, representing a 31% year-over-year increase compared to the first quarter of fiscal year 2021.Cloud ARR was $125.3 million, representing a 56% year-over-year increase compared to the first quarter of fiscal year 2021. Cloud ARR represented 55% of total ARR in the first quarter of fiscal year 2022, as compared to 45% at the end of the prior year quarter.Total ARR was $228.6 million, representing a 27% year-over-year increase compared to the first quarter of fiscal year 2021.GAAP operating loss was $23.6 million, compared to a GAAP operating loss of $4.3 million in the first quarter of fiscal year 2021, primarily reflecting an increase in non-cash stock compensation expense.Non-GAAP operating loss was $0.9 million, compared to a non-GAAP operating profit of $3.6 million in the first quarter of fiscal year 2021.GAAP net loss attributable to common stockholders was $25.1 million, compared to a GAAP net loss attributable to common stockholders of $14.2 million in the first quarter of fiscal year 2021, primarily reflecting an increase in non-cash stock compensation expense.Non-GAAP net loss attributable to common stockholders was $2.4 million, compared to a non-GAAP net loss attributable to common stockholders of $2.6 million in the first quarter of fiscal year 2021.GAAP net...