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Mar 31, 2024
Intapp Q3 2024 Earnings Report
Reported strong Q3 2024 financial results with revenue growth and advancements in AI capabilities.
Key Takeaways
Intapp reported a strong third quarter with a 20% year-over-year increase in total revenue, driven by a 22% increase in SaaS and support revenue. The company also saw significant growth in cloud ARR, and released several new AI capabilities.
SaaS and support revenue was $80.8 million, up 22% year-over-year.
Total revenue reached $110.6 million, reflecting a 20% increase year-over-year.
Cloud ARR grew to $274.2 million, a 33% increase year-over-year, representing 72% of total ARR.
GAAP operating loss improved to $(7.4) million, compared to $(18.2) million in the same quarter of the previous year.
Intapp
Intapp
Intapp Revenue by Segment
Revenue by Segment
SaaS and Support Revenue
CapyFin.comLicense Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Intapp provided its outlook for the fourth quarter and updated outlook for the full fiscal year of 2024.
Positive Outlook
- SaaS and support revenue (in millions) $83.5 - $84.5
- Total revenue (in millions) $111.0 - $112.0
- Non-GAAP operating profit (in millions) $10.5 - $11.5
- Non-GAAP diluted net income per share $0.11 - $0.13
Revenue & Expenses
Visualization of income flow from segment revenue to net income