Business
Intapp Announces Third Quarter Fiscal Year 2023 Financial Results
Third quarter SaaS and support revenue of $66.1 million, up 33% year-over-yearThird quarter total revenue of $92.0 million, up 32% year-over-yearCloud annual
About this update from Intapp, Inc.
[{"type":"text","content":"Third quarter SaaS and support revenue of $66.1 million, up 33% year-over-yearThird quarter total revenue of $92.0 million, up 32% year-over-yearCloud annual recurring revenue (ARR) of $206.3 million, up 40% year-over-year PALO ALTO, Calif., May 08, 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 third quarter of fiscal year 2023 ended March 31, 2023. Intapp also provided its outlook for the fourth quarter and full fiscal year of 2023. “We are pleased to report another quarter of strong results as professional and financial services firms continue to embrace our purpose-built cloud solutions,” said John Hall, CEO of Intapp. “Our third quarter results and steady demand for our technology validate our position as the leaders in digital transformation for the industry we serve.” Third Quarter of Fiscal Year 2023 Financial Highlights SaaS and support revenue was $66.1 million, a 33% year-over-year increase compared to the third quarter of fiscal year 2022.Total revenue was $92.0 million, a 32% year-over-year increase compared to the third quarter of fiscal year 2022.Cloud ARR was $206.3 million as of March 31, 2023, a 40% year-over-year increase compared to Cloud ARR at the end of the third quarter in the prior year. Cloud ARR represented 65% of total ARR as of March 31, 2023, compared to 58% as of March 31, 2022.Total ARR was $315.6 million as of March 31, 2023, a 24% year-over-year increase compared to total ARR at the end of the third quarter in the prior year.GAAP operating loss was ($18.2) million, compared to a GAAP operating loss of ($28.7) million in the third quarter of fiscal year 2022.Non-GAAP operating profit was $2.9 million, compared to a non-GAAP operating loss of ($2.2) million in the third quarter of fiscal year 2022.GAAP net loss was ($18.1) million, compared to a GAAP net loss of ($28.7) million in the third quarter of fiscal year 2022.Non-GAAP net income was $2.2 million, compared to a non-GAAP net loss of ($2.3) million in the third quarter of fiscal year 2022.GAAP net loss per share was ($0.28), compared to a GAAP net loss per share of ($0.47) in the third quarter of fiscal year 2022.Non-GAAP fully diluted net income per share was $0.03, compared to a non-GAAP net loss ...