Business
Intapp Announces Third Quarter Fiscal Year 2022 Financial Results
Third quarter SaaS and support revenue of $49.8 million, up 35% year-over-yearThird quarter total revenue of $69.7 million, up 25% year-over-yearCloud annual
About this update from Intapp, Inc.
[{"type":"text","content":"Third quarter SaaS and support revenue of $49.8 million, up 35% year-over-yearThird quarter total revenue of $69.7 million, up 25% year-over-yearCloud annual recurring revenue (ARR) of $147.8 million, up 49% year-over-year PALO ALTO, Calif., May 11, 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 third quarter of fiscal year 2022 ended March 31, 2022. Intapp also provided its outlook for the fourth quarter of fiscal year 2022, while raising its guidance for the full fiscal year of 2022. “We continue to see professional and financial services firms embrace the cloud and adopt our purpose-built solutions,” said John Hall, CEO of Intapp. “We are increasingly confident in Intapp’s ability to lead digital transformation in this industry, helping our clients leverage the power of the cloud to accelerate the growth of their businesses.” Third Quarter of Fiscal Year 2022 Financial Highlights SaaS and support revenue was $49.8 million, representing a 35% year-over-year increase compared to the third quarter of fiscal year 2021.Total revenue was $69.7 million, representing a 25% year-over-year increase compared to the third quarter of fiscal year 2021.Cloud ARR was $147.8 million as of March 31, 2022, an increase of 49% year-over-year compared to Cloud ARR as of March 31, 2021. Cloud ARR represented 58% of total ARR as of March 31, 2022, as compared to 49% as of March 31, 2021.Total ARR was $253.5 million as of March 31, 2022, an increase of 26% year-over-year compared to Total ARR as of March 31, 2021.GAAP operating loss was $28.7 million, compared to a GAAP operating loss of $4.1 million in the third quarter of fiscal year 2021, primarily reflecting an increase in non-cash stock compensation expense.Non-GAAP operating loss was $2.2 million, compared to a non-GAAP operating profit of $1.9 million in the third quarter of fiscal year 2021.GAAP net loss attributable to common stockholders was $28.7 million, compared to a GAAP net loss attributable to common stockholders of $14.0 million in the third quarter of fiscal year 2021, primarily reflecting an increase in non-cash stock compensation expense.Non-GAAP net loss attributable to common stockholders was $2.3 ...