Q1 2026 Intapp Inc Earnings Call Transcript
Key Points
- Intapp Inc (INTA) reported strong cloud ARR growth, reaching $401 million, a 30% increase year over year.
- The company achieved a significant milestone with SaaS revenue of $98 million, up 27% year over year.
- Intapp Inc (INTA) expanded its strategic partnership with Microsoft, which contributed to over half of their top 10 largest Q1 wins.
- The introduction of new AI capabilities, such as the Intapp Time release, has been well-received, with over 200 meetings booked following its launch.
- The company continues to see strong upsell and cross-sell activity, with a cloud net revenue retention rate of 121%.
- Professional services revenue decreased by 8% year over year, indicating potential challenges in this segment.
- Despite strong performance, the guidance for the full year fiscal 2026 appears conservative, with less than expected upward revision.
- There is ongoing volatility in quarterly billings, which may affect financial predictability.
- The transition from on-premise to cloud offerings is still in progress, with some clients hesitant to migrate.
- Operating expenses increased, largely due to go-to-market spend and product-led growth strategy investments, which may impact profitability.
Hello, and welcome, everyone, to the Intapp fiscal first-quarter 2026 earnings webcast. (Operator Instructions) Please be advised that this conference is being recorded.
Now, it is my pleasure to turn the call over to the Senior Vice President in Investor Relations, David Trone. The floor is yours.
Thank you. Welcome to Intapp's fiscal first-quarter financial results. On the call with me today are John Hall, Chairman and CEO of Intapp; and David Martin, 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 second quarter and full year 2026.
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 in our SEC filings and other
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