Business
Intapp Announces Second Quarter Fiscal Year 2023 Financial Results
Second quarter SaaS and support revenue of $61.6 million, up 31% year-over-yearSecond quarter total revenue of $84.7 million, up 31% year-over-yearCloud
About this update from Intapp, Inc.
[{"type":"text","content":"Second quarter SaaS and support revenue of $61.6 million, up 31% year-over-yearSecond quarter total revenue of $84.7 million, up 31% year-over-yearCloud annual recurring revenue (ARR) of $191.8 million, up 42% year-over-year PALO ALTO, Calif., Feb. 06, 2023 (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 second quarter of fiscal year 2023 ended December 31, 2022. Intapp also provided its outlook for the third quarter and full fiscal year of 2023. “We continued to see steady demand for our purpose-built solutions in the second quarter with the addition of new clients and the expansion of existing client relationships,” said John Hall, CEO of Intapp. “Our strong results demonstrate the industry's commitment to investing in digital transformation and our ability to lead the way.” Second Quarter of Fiscal Year 2023 Financial Highlights SaaS and support revenue was $61.6 million, a 31% year-over-year increase compared to the second quarter of fiscal year 2022.Total revenue was $84.7 million, a 31% year-over-year increase compared to the second quarter of fiscal year 2022.Cloud ARR was $191.8 million as of December 31, 2022, a 42% increase year-over-year compared to Cloud ARR at the end of the second quarter in the prior year. Cloud ARR represented 64% of total ARR as of December 31, 2022, compared to 56% as of December 31, 2021.Total ARR was $301.3 million as of December 31, 2022, a 26% increase year-over-year compared to total ARR at the end of the second quarter in the prior year.GAAP operating loss was ($19.4) million, compared to a GAAP operating loss of ($24.3) million in the second quarter of fiscal year 2022.Non-GAAP operating profit was $2.8 million, compared to a non-GAAP operating loss of ($0.2) million in the second quarter of fiscal year 2022.GAAP net loss was ($19.8) million, compared to a GAAP net loss of ($24.2) million in the second quarter of fiscal year 2022.Non-GAAP net income was $2.2 million, compared to a non-GAAP net loss of ($0.1) million in the second quarter of fiscal year 2022.GAAP net loss per share was ($0.31), compared to a GAAP net loss per share of ($0.40) in the second quarter of fiscal year 2022.Non-GAAP fully diluted net income per share was $0.03, compared to a non-GAA...