Q2 2025 Intapp Inc Earnings Call Transcript
Key Points
- 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.
- 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.
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.
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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