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Jun 30, 2023
Intapp Q4 2023 Earnings Report
Intapp reported strong Q4 2023 financial results, marked by revenue growth and increased cloud adoption.
Key Takeaways
Intapp announced strong Q4 2023 results, with SaaS and support revenue up 29% year-over-year and total revenue up 25% year-over-year. The company's cloud ARR reached $222.3 million, a 36% increase year-over-year. Intapp also provided its outlook for the first quarter and full fiscal year of 2024.
SaaS and support revenue increased by 29% year-over-year, reaching $67.8 million.
Total revenue grew by 25% year-over-year to $94.6 million.
Cloud ARR reached $222.3 million, a 36% increase year-over-year.
GAAP operating loss improved to $(12.4) million, compared to $(22.8) million in the prior 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 first quarter and full fiscal year 2024.
Positive Outlook
- First Quarter Fiscal Year SaaS and support revenue (in millions) $70.0 - $71.0
- First Quarter Total revenue (in millions) $96.0 - $97.0
- First Quarter Non-GAAP operating profit (in millions) $2.5 - $3.5
- First Quarter Non-GAAP diluted net income per share ~ $0.03
- Fiscal 2024 SaaS and support revenue (in millions) $306.0 - $310.0
Challenges Ahead
- Fiscal 2024 Total revenue (in millions) $419.0 - $423.0
- Fiscal 2024 Non-GAAP operating profit (in millions) $20.0 - $24.0
- Fiscal 2024 Non-GAAP diluted net income per share $0.20 - $0.24
- The guidance provided above constitutes forward-looking statements and actual results may differ materially.
- The Company has not included a quantitative reconciliation of its guidance for non-GAAP operating profit and non-GAAP diluted net income per share to their most directly comparable GAAP financial measures because certain of these reconciling items, including stock-based compensation and amortization of intangible assets, could be highly variable and cannot be reasonably predicted without unreasonable effort.
Revenue & Expenses
Visualization of income flow from segment revenue to net income