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Sep 30, 2023
Intapp Q1 2024 Earnings Report
Intapp's Q1 2024 financial results were announced, showcasing growth in SaaS and total revenue.
Key Takeaways
Intapp reported a strong start to fiscal year 2024, with a 28% increase in total revenue and a 29% increase in SaaS and support revenue compared to the first quarter of fiscal year 2023. Cloud ARR also saw significant growth, increasing by 38% year-over-year.
SaaS and support revenue increased by 29% year-over-year, reaching $73.1 million.
Total revenue grew by 28% year-over-year, amounting to $101.6 million.
Cloud ARR increased by 38% year-over-year, reaching $242.5 million.
Total ARR reached $350.1 million, a 23% 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 updated outlook for the full fiscal year of 2024.
Positive Outlook
- SaaS and support revenue (in millions) $75.0 - $76.0 for the second quarter
- Total revenue (in millions) $102.5 - $103.5 for the second quarter
- Non-GAAP operating profit (in millions) $5.0 - $6.0 for the second quarter
- Non-GAAP diluted net income per share $0.04 - $0.06 for the second quarter
- SaaS and support revenue (in millions) $310.0 - $314.0 for the full fiscal year
Challenges Ahead
- Total revenue (in millions) $422.5 - $426.5 for the full fiscal year
- Non-GAAP operating profit (in millions) $24.5 - $28.5 for the full fiscal year
- Non-GAAP diluted net income per share $0.25 - $0.29 for the full fiscal year
- Actual results may differ materially due to various uncertainties and risks.
- Guidance for non-GAAP financial measures excludes stock-based compensation expense and amortization of intangible assets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income