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Sep 30, 2022
Intapp Q1 2023 Earnings Report
Intapp's Q1 2023 financial results were announced, showing growth in SaaS and total revenue.
Key Takeaways
Intapp reported a strong start to fiscal year 2023, with SaaS and support revenue up 31% year-over-year and total revenue up 28% year-over-year. The company's Cloud ARR reached $176.2 million, a 41% increase year-over-year.
SaaS and support revenue increased by 31% year-over-year, reaching $56.8 million.
Total revenue grew by 28% year-over-year, amounting to $79.5 million.
Cloud ARR increased 41% year-over-year to $176.2 million.
Total ARR was $284.3 million, a 24% increase year-over-year.
Revenue by Segment
Forward Guidance
Intapp provided its outlook for the second quarter and full fiscal year 2023.
Positive Outlook
- Second quarter SaaS and support revenue is expected to be between $59.0 million and $60.0 million.
- Second quarter total revenue is expected to be between $80.0 million and $81.0 million.
- Full fiscal year SaaS and support revenue is expected to be between $241.5 million and $245.5 million.
- Full fiscal year total revenue is expected to be between $332.0 million and $336.0 million.
Challenges Ahead
- Second quarter non-GAAP operating profit (loss) is expected to be between ($1.5) million and ($0.5) million.
- Full fiscal year non-GAAP operating profit (loss) is expected to be between ($1.0) million and $3.0 million.
- Second quarter non-GAAP net loss per share is expected to be between ($0.04) and ($0.02).
- Full fiscal year non-GAAP net loss per share is expected to be between ($0.07) and ($0.03).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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