Business
Intapp Announces Second Quarter Fiscal Year 2025 Financial Results
Second quarter SaaS revenue of $80.0 million, up 27% year-over-yearCloud annual recurring revenue (ARR) of $331.1 million, up 29% year-over-yearTrailing
About this update from Intapp, Inc.
Second quarter SaaS revenue of $80.0 million, up 27% year-over-yearCloud annual recurring revenue (ARR) of $331.1 million, up 29% year-over-yearTrailing twelve months’ cloud net revenue retention rate as of December 31, 2024 was 119% PALO ALTO, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Intapp, Inc. (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, announced financial results for its fiscal second quarter ended December 31, 2024. Intapp also provided its outlook for the third quarter and the full fiscal year 2025. “I’m pleased to share that once again we’ve achieved strong quarterly results which are supported by the addition of new clients and expanded client relationships,” said John Hall, CEO of Intapp. “Our second quarter results are indicative of our ability to continually drive AI, cloud adoption, and modernization across the industries we serve.” Second Quarter of Fiscal Year 2025 Financial Highlights SaaS revenue was $80.0 million, a 27% year-over-year increase compared to the second quarter of fiscal year 2024.Total revenue was $121.2 million, a 17% year-over-year increase compared to the second quarter of fiscal year 2024.Cloud ARR was $331.1 million as of December 31, 2024, a 29% year-over-year increase compared to Cloud ARR as of December 31, 2023. Cloud ARR represented 76% of total ARR as of December 31, 2024, compared to 70% as of December 31, 2023.Total ARR was $437.1 million as of December 31, 2024, a 20% year-over-year increase compared to total ARR as of December 31, 2023.GAAP operating loss was $(10.2) million, compared to a GAAP operating loss of $(11.1) million in the second quarter of fiscal year 2024.Non-GAAP operating income was $18.9 million, compared to a non-GAAP operating income of $7.6 million in the second quarter of fiscal year 2024.GAAP net loss was $(10.2) million, compared to a GAAP net loss of $(9.2) million in the second quarter of fiscal year 2024.Non-GAAP net income was $17.4 million, compared to a non-GAAP net income of $8.8 million in the second quarter of fiscal year 2024.GAAP net loss per share was $(0.13), compared to a GAAP net loss per share of $(0.13) in the second quarter of fiscal year 2024.Non-GAAP diluted net income per share was $0.21, compared to a non-GAAP diluted net income per share of $0.11 in the second quarter of fiscal...