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Mar 31, 2023
Intapp Q3 2023 Earnings Report
Intapp's Q3 2023 financial results were announced, demonstrating strong growth in SaaS and total revenue.
Key Takeaways
Intapp reported a strong third quarter in fiscal year 2023, with significant year-over-year increases in SaaS and support revenue, total revenue, and cloud ARR. The company's financial performance reflects continued adoption of its cloud solutions within the professional and financial services industry.
SaaS and support revenue increased by 33% year-over-year, reaching $66.1 million.
Total revenue grew by 32% year-over-year, totaling $92.0 million.
Cloud ARR increased by 40% year-over-year, reaching $206.3 million.
GAAP operating loss improved to ($18.2) million, compared to ($28.7) million in the same quarter of the previous 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 fourth quarter and full fiscal year of 2023.
Positive Outlook
- SaaS and support revenue (in millions): $67.0 - $68.0
- Total revenue (in millions): $92.5 - $93.5
- Non-GAAP operating profit (in millions): $1.5 - $2.5
- Non-GAAP diluted net income per share: $0.00 - $0.02
Revenue & Expenses
Visualization of income flow from segment revenue to net income