Intapp Inc (NAS:INTA)
$ 36.96 +4.205 (+12.84%) Market Cap: 2.85 Bil Enterprise Value: 2.72 Bil PE Ratio: 0 PB Ratio: 8.88 GF Score: 61/100

Q2 2025 Intapp Inc Earnings Call Transcript

Feb 04, 2025 / 10:00PM GMT
Release Date Price: $73.51 (+4.24%)

Key Points

Positve
  • Intapp Inc (INTA) reported strong cloud ARR growth of 29% year over year, reaching $331 million.
  • The company achieved a 27% year-over-year increase in SaaS revenue, totaling $80 million.
  • Intapp Inc (INTA) expanded its partner ecosystem by 20% year over year, now including 137 data, technology, and services partners.
  • The company successfully introduced new AI capabilities, such as the AI-powered search feature within Intapp Assist for DealCloud.
  • Intapp Inc (INTA) reported a non-GAAP gross margin improvement to 76.7%, up from 73.4% in the prior year period.
Negative
  • License revenue remained flat year over year at $28 million, indicating challenges in on-premise revenue growth.
  • Professional services revenue grew only 4% year over year, suggesting limited expansion in this segment.
  • The company experienced back-end loading of deals, with many deals closing in December, which could indicate potential volatility in deal timing.
  • Despite strong cloud growth, the transition from on-premise to cloud solutions may lead to short-term revenue recognition challenges.
  • Intapp Inc (INTA) faces inherent lumpiness in large deal landings, which could impact quarterly revenue predictability.
Operator

Good day and thank you for standing by. Welcome to the Intapp fiscal second-quarter 2025 webcast. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)

I would now like to hand the conference over to your speaker today, David Trone, Senior Vice President, Investor Relations.

David Trone
Intapp Inc - Senior Vice President, Investor Relations

Thank you. Welcome to Intapp's fiscal second-quarter 2025 financial results. On the call with me today are John Hall, Chairman and CEO of Intapp; and David Morton, Chief Financial Officer.

During the course of this conference call, we may make forward-looking statements regarding trends, strategies, and the anticipated performance of our business, including guidance provided for our fiscal third-quarter and full-year 2025.

These forward-looking statements are based on management's current views and expectations, entail certain assumptions made as of today's date, and are subject to various risks and uncertainties, including those described

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