NASDAQ$INTA
Intapp Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Intapp's Q2 2023 financial results were announced, demonstrating revenue growth and a shift towards cloud-based solutions.
Intapp reported a strong second quarter with a 31% year-over-year increase in total revenue, reaching $84.7 million. The company's cloud ARR grew by 42% year-over-year, highlighting its successful transition to cloud-based services. While still reporting a GAAP operating and net loss, the company achieved non-GAAP operating and net profit.
- Total revenue increased by 31% year-over-year to $84.7 million.
- SaaS and support revenue grew by 31% year-over-year to $61.6 million.
- Cloud ARR increased by 42% year-over-year to $191.8 million.
- GAAP operating loss improved to ($19.4) million, compared to ($24.3) million in the prior year.
Headline financials
Revenue & EPS history
Intapp · Revenue · Quarterly
$84.7M
Revenue by segment
Intapp · $73.7M total across 2 segments · Q2 2023
- SaaS$61.6M+31.1%83.6%
- Professional services$12.1M+44.1%16.4%
Forward guidance
Intapp provided its outlook for the third quarter and full fiscal year 2023. The guidance includes SaaS and support revenue, total revenue, non-GAAP operating profit, and non-GAAP net income (loss) per share.
Tailwinds
- Third quarter SaaS and support revenue is expected to be $63.0 - $64.0 million.
- Third quarter total revenue is expected to be $87.0 - $88.0 million.
- Third quarter non-GAAP operating profit is expected to be $0.5 - $1.5 million.
- Third quarter non-GAAP net income (loss) per share is expected to be ($0.01) - $0.01.
- Full fiscal year SaaS and support revenue is expected to be $246.0 - $250.0 million.
Headwinds
- Full fiscal year total revenue is expected to be $340.5 - $344.5 million.
- Full fiscal year non-GAAP operating profit is expected to be $4.5 - $8.5 million.
- Full fiscal year non-GAAP net income (loss) per share is expected to be $0.02 - $0.06.
- The guidance constitutes forward-looking statements and actual results may differ materially.
- Reconciling items, including stock-based compensation and amortization of intangible assets, could be highly variable and cannot be reasonably predicted.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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