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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.
Revenue by Segment
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.
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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