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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.
Intapp
Intapp
Intapp Revenue by Segment
Revenue by Segment
SaaS and Support Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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