NASDAQ$INTA

Intapp Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Intapp's Q2 2024 financial results were announced, demonstrating growth in SaaS and total revenue, alongside increased cloud ARR and total ARR.

Intapp reported a solid second quarter with a 23% increase in total revenue year-over-year, reaching $103.9 million. Cloud ARR grew by 34% to $256.1 million, representing 70% of total ARR. The company also saw improvements in operating and net income compared to the previous year.

  • SaaS and support revenue increased by 25% year-over-year to $77.1 million.
  • Total revenue grew by 23% year-over-year to $103.9 million.
  • Cloud ARR increased by 34% year-over-year, reaching $256.1 million.
  • Total ARR increased by 21% year-over-year, reaching $365.0 million.

Headline financials

Total Revenue

$104M

Previous: $84.7M+22.7%
EPS

-$0.13

Previous: $0.03-533.3%
Capital Expenditures

-$1.35M

Previous: -$1.7M+20.3%
Free Cash Flow

-$10.6M

Previous: -$21.5M+50.7%
Net Income

-$9.21M

Previous: -$19.8M+53.4%
Operating Income

-$11.1M

Previous: -$19.4M+43.0%
Gross Profit

$73.2M

Previous: $57.9M+26.3%
R&D Expense

$28M

No prior period
Stock-Based Comp

$16.5M

Previous: $20.3M-18.6%

Revenue & EPS history

Intapp · Revenue · Quarterly

$104M

Q2 2024+22.7%vs Q2 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 third quarter and updated outlook for the full fiscal year of 2024.

Tailwinds

  • SaaS and support revenue (in millions): $80.0 - $81.0
  • Total revenue (in millions): $107.5 - $108.5
  • Non-GAAP operating profit (in millions): $6.0 - $7.0
  • Non-GAAP diluted net income per share: $0.06 - $0.08

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 2024

Historical avgQ2 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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro