Business
Intapp Announces Third Quarter Fiscal Year 2024 Financial Results
Third quarter SaaS and support revenue of $80.8 million, up 22% year-over-yearThird quarter total revenue of $110.6 million, up 20% year-over-yearCloud annual
About this update from Intapp, Inc.
Third quarter SaaS and support revenue of $80.8 million, up 22% year-over-yearThird quarter total revenue of $110.6 million, up 20% year-over-yearCloud annual recurring revenue (ARR) of $274.2 million, up 33% year-over-year PALO ALTO, Calif., May 07, 2024 (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 third quarter ended March 31, 2024. Intapp also provided its outlook for the fourth quarter and updated outlook for the full fiscal year of 2024. “We are pleased to report a strong and exciting third quarter, in which we released several new AI capabilities aimed directly at the needs of our target markets,” said John Hall, CEO of Intapp. “Intapp Assist for DealCloud, which helps professionals apply generative AI to their daily work, has received a particularly overwhelming response, with hundreds of clients engaging with us within just a few weeks of the launch.” Third Quarter of Fiscal Year 2024 Financial Highlights SaaS and support revenue was $80.8 million, a 22% year-over-year increase compared to the third quarter of fiscal year 2023.Total revenue was $110.6 million, a 20% year-over-year increase compared to the third quarter of fiscal year 2023.Cloud ARR was $274.2 million as of March 31, 2024, a 33% year-over-year increase compared to Cloud ARR as of March 31, 2023. Cloud ARR represented 72% of total ARR as of March 31, 2024, compared to 65% as of March 31, 2023.Total ARR was $382.7 million as of March 31, 2024, a 21% year-over-year increase compared to total ARR as of March 31, 2023.GAAP operating loss was $(7.4) million, compared to a GAAP operating loss of $(18.2) million in the third quarter of fiscal year 2023.Non-GAAP operating profit was $11.2 million, compared to a non-GAAP operating profit of $2.9 million in the third quarter of fiscal year 2023.GAAP net loss was $(6.9) million, compared to a GAAP net loss of $(18.1) million in the third quarter of fiscal year 2023.Non-GAAP net income was $11.2 million, compared to a non-GAAP net income of $2.2 million in the third quarter of fiscal year 2023.GAAP net loss per share was $(0.09), compared to a GAAP net loss per share of $(0.28) in the third quarter of fiscal year 2023.Non-GAAP diluted net income per share was $0.14, compared to a non-GAAP dil...