Intapp Reports Strong Growth in SaaS and Cloud

Intapp, Inc. ( (INTA) ) has released its Q2 earnings. Here is a breakdown of the information Intapp, Inc. presented to its investors.

Intapp, Inc. is a prominent global provider of AI-driven solutions tailored for professionals in advisory, capital markets, and legal sectors, aiming to enhance operational insights and decision-making.

In its latest earnings report for the second quarter of fiscal year 2025, Intapp reported notable growth in its software-as-a-service (SaaS) and cloud services, reflecting the company’s continued success in expanding its client base and strengthening client relationships.

Key financial highlights include a 27% year-over-year increase in SaaS revenue, reaching $80 million, and a 29% rise in cloud annual recurring revenue (ARR) to $331.1 million. The company’s total revenue saw a 17% increase to $121.2 million compared to the same period last year. While Intapp reported a GAAP net loss of $10.2 million, it achieved a substantial improvement in non-GAAP operating income, which rose to $18.9 million from $7.6 million last year, indicating strong underlying performance.

Intapp’s strategic achievements are underscored by its inclusion in Forbes’ America’s Most Successful Mid-Cap Companies list and winning an award for its DealCloud product. The company continues to enhance its service offerings by upselling and cross-selling to existing clients, maintaining a robust cloud net revenue retention rate of 119%.

Looking ahead, Intapp remains optimistic about its growth prospects, projecting increased revenues and non-GAAP earnings for the upcoming quarter and the full fiscal year 2025. The management’s focus on driving AI and cloud adoption positions the company well for sustained success in its target industries.