Business
Intapp Announces First Quarter Fiscal Year 2024 Financial Results
First quarter SaaS and support revenue of $73.1 million, up 29% year-over-yearFirst quarter total revenue of $101.6 million, up 28% year-over-yearCloud annual
About this update from Intapp, Inc.
[{"type":"text","content":"First quarter SaaS and support revenue of $73.1 million, up 29% year-over-yearFirst quarter total revenue of $101.6 million, up 28% year-over-yearCloud annual recurring revenue (ARR) of $242.5 million, up 38% year-over-year PALO ALTO, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Intapp, Inc. (NASDAQ: INTA), a leading provider of cloud software for the global professional and financial services industry, announced its financial results for the first quarter of fiscal year 2024 ended September 30, 2023. Intapp also provided its outlook for the second quarter and updated outlook for the full fiscal year of 2024. “We are pleased to start fiscal year 2024 on a strong note,” said John Hall, CEO of Intapp. “Our first quarter results are supported by continued innovation and cloud growth, as well as the addition of new logos and expansion of existing client accounts around the world.” First Quarter of Fiscal Year 2024 Financial Highlights SaaS and support revenue was $73.1 million, a 29% year-over-year increase compared to the first quarter of fiscal year 2023.Total revenue was $101.6 million, a 28% year-over-year increase compared to the first quarter of fiscal year 2023.Cloud ARR was $242.5 million as of September 30, 2023, a 38% year-over-year increase compared to Cloud ARR as of September 30, 2022. Cloud ARR represented 69% of total ARR as of September 30, 2023, compared to 62% as of September 30, 2022.Total ARR was $350.1 million as of September 30, 2023, a 23% year-over-year increase compared to total ARR as of September 30, 2022.GAAP operating loss was $(14.0) million, compared to a GAAP operating loss of $(19.1) million in the first quarter of fiscal year 2023.Non-GAAP operating profit was $6.4 million, compared to a non-GAAP operating profit of $1.8 million in the first quarter of fiscal year 2023.GAAP net loss was $(15.3) million, compared to a GAAP net loss of $(20.1) million in the first quarter of fiscal year 2023.Non-GAAP net income was $4.6 million, compared to a non-GAAP net income of $0.9 million in the first quarter of fiscal year 2023.GAAP net loss per share was $(0.22), compared to a GAAP net loss per share of $(0.32) in the first quarter of fiscal year 2023.Non-GAAP fully diluted net income per share was $0.06, compared to a non-GAAP fully diluted net income per share of $0.01 in the first quarter of fiscal year 2023. ...