Overview
US governed AI platform's fiscal Q3 revenue rose 13%, beating analyst expectations
Adjusted EPS for fiscal Q3 beat analyst expectations
Company repurchased $250 mln in shares over nine months
Outlook
Intapp sees Q4 SaaS revenue between $113.1 mln and $114.1 mln
Company expects Q4 total revenue of $149.1 mln to $150.1 mln
Intapp forecasts full-year non-GAAP diluted EPS of $1.22 to $1.24
Result Drivers
SAAS AND CLOUD GROWTH - SaaS revenue rose 27% and cloud ARR increased 31% year-over-year, driving overall revenue growth
CLIENT EXPANSION - Co added new clients in multiple sectors and expanded product mix, per CEO John Hall
UPSELLING AND CROSS-SELLING - Upselling and cross-selling to existing clients led to a 123% trailing twelve months’ cloud net revenue retention rate
Company press release: ID:nBw4VR8Dxa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$146.04 mln
$144.26 mln (9 Analysts)
Q3 Adjusted EPS
Beat
$0.29
$0.28 (9 Analysts)
Q3 EPS
-$0.20
Q3 Adjusted Net Income
Slight Miss*
$23.70 mln
$23.87 mln (9 Analysts)
Q3 Net Income
-$15.50 mln
Q3 Non-GAAP Operating Income
Beat
$25.70 mln
$23.78 mln (9 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Intapp Inc is $30.50, about 28.9% above its May 4 closing price of $23.67
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 26 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)