Business
Intapp Announces Second Quarter Fiscal Year 2024 Financial Results
Second quarter SaaS and support revenue of $77.1 million, up 25% year-over-yearSecond quarter total revenue of $103.9 million, up 23% year-over-yearCloud
About this update from Intapp, Inc.
Second quarter SaaS and support revenue of $77.1 million, up 25% year-over-yearSecond quarter total revenue of $103.9 million, up 23% year-over-yearCloud annual recurring revenue (ARR) of $256.1 million, up 34% year-over-year PALO ALTO, Calif. , Feb. 06, 2024 (GLOBE NEWSWIRE) -- Intapp, Inc. (NASDAQ: INTA), a leading provider of cloud software for the global professional and financial services industry, announced financial results for its second quarter ended December 31, 2023. Intapp also provided its outlook for the third quarter and updated outlook for the full fiscal year of 2024. “We are pleased to report solid second quarter performance, built on the addition of new clients, the expansion of existing client accounts, and the market’s appetite for cloud transformation,” said John Hall, CEO of Intapp. “We’re excited about our continued AI innovation and new features that we’ll be sharing with the market and at our inaugural investor day in February.” Second Quarter of Fiscal Year 2024 Financial Highlights SaaS and support revenue was $77.1 million, a 25% year-over-year increase compared to the second quarter of fiscal year 2023.Total revenue was $103.9 million, a 23% year-over-year increase compared to the second quarter of fiscal year 2023.Cloud ARR was $256.1 million as of December 31, 2023, a 34% year-over-year increase compared to Cloud ARR as of December 31, 2022. Cloud ARR represented 70% of total ARR as of December 31, 2023, compared to 64% as of December 31, 2022.Total ARR was $365.0 million as of December 31, 2023, a 21% year-over-year increase compared to total ARR as of December 31, 2022.GAAP operating loss was $(11.1) million, compared to a GAAP operating loss of $(19.4) million in the second quarter of fiscal year 2023.Non-GAAP operating profit was $7.6 million, compared to a non-GAAP operating profit of $2.8 million in the second quarter of fiscal year 2023.GAAP net loss was $(9.2) million, compared to a GAAP net loss of $(19.8) million in the second quarter of fiscal year 2023.Non-GAAP net income was $8.8 million, compared to a non-GAAP net income of $2.2 million in the second quarter of fiscal year 2023.GAAP net loss per share was $(0.13), compared to a GAAP net loss per share of $(0.31) in the second quarter of fiscal year 2023.Non-GAAP diluted net income per share was $0.11, compared to a non-GAAP diluted net income per share of $0.0...