INTA · Intapp, Inc.

Intapp delivered a solid fiscal third quarter, characterized by robust growth in its cloud-centric business model. SaaS revenue increased 27% year-over-year to $107.9 million, outpacing the 13% growth in total revenue, which reached $146.0 million. This divergence highlights the ongoing strategic shift toward subscription-based revenue, further evidenced by Cloud ARR comprising 82% of total ARR, up from 77% in the prior year. The company's Cloud ARR grew 31% year-over-year to $459.3 million, indicating strong underlying demand for its governed AI platform. Profitability on a non-GAAP basis improved, with operating income rising to $25.7 million from $20.3 million, and diluted net income per share increasing to $0.29 from $0.26. However, GAAP results showed a widening net loss of $15.5 million compared to $3.0 million in the prior year, primarily driven by stock-based compensation and other non-cash charges. Operationally, the company maintained a strong net revenue retention rate of 123%, demonstrating effective upselling and cross-selling capabilities within its existing client base. CEO John Hall highlighted the release of "Celeste," a firmwide agentic AI platform, as a driver of increased client interest. The company also announced strategic partnerships with Anthropic and Harvey to enhance its AI offerings. For the fourth quarter, management guided for SaaS revenue between $113.1 million and $114.1 million and non-GAAP diluted EPS of $0.36 to $0.38, signaling continued momentum into the fiscal year-end.