Business
Intapp Announces Second Quarter Fiscal Year 2022 Financial Results
Second quarter SaaS and support revenue of $47.0 million, up 36% year-over-yearSecond quarter total revenue of $64.7 million, up 30% year-over-yearCloud
About this update from Intapp, Inc.
[{"type":"text","content":"Second quarter SaaS and support revenue of $47.0 million, up 36% year-over-yearSecond quarter total revenue of $64.7 million, up 30% year-over-yearCloud annual recurring revenue (ARR) of $135.3 million, up 52% year-over-year PALO ALTO, Calif., Feb. 09, 2022 (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 second quarter of fiscal year 2022 ended December 31, 2021. Intapp also provided its outlook for the third quarter of fiscal year 2022, while raising its guidance for the full fiscal year of 2022. “We are pleased to report another quarter of strong results, our third consecutive since our IPO in June of 2021,” said CEO John Hall. “We experienced continued strong momentum in new customer additions as well as upsell and cross-sell, driven by demand for our purpose-built Industry Cloud platform, which addresses the unique needs of the global professional and financial services industry that facilitates the world's economy.” Second Quarter of Fiscal Year 2022 Financial Highlights SaaS and support revenue was $47.0 million, representing a 36% year-over-year increase compared to the second quarter of fiscal year 2021.Total revenue was $64.7 million, representing a 30% year-over-year increase compared to the second quarter of fiscal year 2021.Cloud ARR was $135.3 million as of December 31, 2021 compared to $88.9 million as of December 31, 2020, which represents a 52% year-over-year increase. Cloud ARR represented 56% of total ARR as of December 31, 2021, compared to 47% as of December 31, 2020.Total ARR was $240.0 million as of December 31, 2021 compared to $189.4 million as of December 31, 2020, which represents a 27% year-over-year increase.GAAP operating loss was $24.3 million, compared to a GAAP operating loss of $4.9 million in the second quarter of fiscal year 2021, primarily reflecting an increase in non-cash stock compensation expense.Non-GAAP operating loss was $0.2 million, compared to a non-GAAP operating profit of $2.0 million in the second quarter of fiscal year 2021.GAAP net loss attributable to common stockholders was $24.2 million, compared to a GAAP net loss attributable to common stockholders of $14.2 million in the second quarter of fiscal ye...