NASDAQ$INTA

Intapp Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Intapp's Q1 2024 financial results were announced, showcasing growth in SaaS and total revenue.

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.

Headline financials

Total Revenue

$102M

Previous: $79.5M+27.7%
EPS (adj)

$0.06

Previous: $0.01+500.0%
Capital Expenditures

-$1.14M

Previous: -$1.67M+31.6%
Free Cash Flow

-$16.5M

Previous: -$21.7M+24.2%
Net Income

-$15.3M

Previous: -$20.1M+23.6%
Operating Income

-$14M

Previous: -$19.1M+27.1%
Gross Profit

$70M

Previous: $54.2M+29.1%
Cash & Equivalents

$142M

Previous: $40.3M+251.0%
Total Assets

$618M

Previous: $489M+26.2%
Stock-Based Comp

$18.8M

Previous: $15.8M+19.0%

Revenue & EPS history

Intapp · Revenue · Quarterly

$102M

Q1 2024+27.7%vs Q1 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Intapp · $87.7M total across 2 segments · Q1 2024

  • SaaS
    $73.1M+28.6%
  • Professional services
    $14.6M+39.5%

Forward guidance

Intapp provided its outlook for the second quarter and updated outlook for the full fiscal year of 2024.

Tailwinds

  • 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

Headwinds

  • 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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+3.7%

Avg return

Earnings day

+5.3%

Avg return

5 days after

+6.5%

Avg return

30 days after

65%

13 / 20 earnings

Positive

+17.6%

Q4 2024

Best reaction

-25.8%

Q2 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-4.7%-1.1%+1.2%
Q2 2026-25.8%-16.8%-5.1%
Q1 2026+6.1%+8.4%+16.5%
Q3 2025-6.2%-1.5%+1.8%
Q2 2025-1.2%-3.3%-16.9%
Q1 2025+2.0%+20.0%+36.5%
Q4 2024+17.6%+27.9%+35.0%
Q3 2024+12.2%+17.1%+8.7%
Q2 2024-11.8%-7.4%-19.9%
Q1 2024+14.5%+13.2%+6.0%
Q4 2023-6.3%-8.4%-4.9%
Q3 2023+16.0%+16.2%+14.4%
Q2 2023+15.8%+17.5%+43.4%
Q1 2023+7.9%+7.6%+9.3%
Q4 2020+9.5%+0.8%+21.8%
Q4 2022+16.2%+27.2%+41.4%
Q3 2022-6.7%-4.8%-22.9%
Q2 2022+6.9%+4.7%+13.0%
Q1 2022+8.3%-5.4%-16.3%
Q4 2021+3.3%-5.3%-33.4%
Q3 2021
Q2 2021
Q1 2021
Q3 2020
Q2 2020
Q1 2020

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