Business
Intapp Announces First Quarter Fiscal Year 2023 Financial Results
First quarter SaaS and support revenue of $56.8 million, up 31% year-over-yearFirst quarter total revenue of $79.5 million, up 28% year-over-yearCloud annual
About this update from Intapp, Inc.
[{"type":"text","content":"First quarter SaaS and support revenue of $56.8 million, up 31% year-over-yearFirst quarter total revenue of $79.5 million, up 28% year-over-yearCloud annual recurring revenue (ARR) of $176.2 million, up 41% year-over-year PALO ALTO, Calif., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Intapp, Inc. (NASDAQ: INTA), a leading provider of cloud software for the professional and financial services industry, announced its financial results for the first quarter of fiscal year 2023 ended September 30, 2022. Intapp also provided its outlook for the second quarter and full fiscal year of 2023. “We’re proud of our strong start to fiscal 2023 and excited to enter this new year with considerable momentum,” said John Hall, CEO of Intapp. “Our first quarter results continue to validate our strategy as demand for our purpose-built cloud solutions across the professional and financial services industry remains strong.” First Quarter of Fiscal Year 2023 Financial Highlights SaaS and support revenue was $56.8 million, a 31% year-over-year increase compared to the first quarter of fiscal year 2022.Total revenue was $79.5 million, a 28% year-over-year increase compared to the first quarter of fiscal year 2022.Cloud ARR was $176.2 million as of September 30, 2022, a 41% increase year-over-year compared to Cloud ARR at the end of the first quarter in the prior year. Cloud ARR represented 62% of total ARR as of September 30, 2022, compared to 55% as of September 30, 2021.Total ARR was $284.3 million as of September 30, 2022, a 24% increase year-over-year compared to total ARR at the end of the first quarter in the prior year.GAAP operating loss was ($19.1) million, compared to a GAAP operating loss of ($23.6) million in the first quarter of fiscal year 2022.Non-GAAP operating profit was $1.8 million, compared to a non-GAAP operating loss of ($0.9) million in the first quarter of fiscal year 2022.GAAP net loss was ($20.1) million, compared to a GAAP net loss of ($25.1) million in the first quarter of fiscal year 2022.Non-GAAP net income was $0.9 million, compared to a non-GAAP net loss of ($2.4) million in the first quarter of fiscal year 2022.GAAP net loss per share was ($0.32), compared to a GAAP net loss per share of ($0.42) in the first quarter of fiscal year 2022.Non-GAAP net income per share was $0.01, compared to a non-GAAP net loss per share of ($0.04) i...