Intapp Inc. reported its second-quarter fiscal year 2025 earnings on February 4th, showcasing a robust performance with a 17% year-over-year increase in total revenue to $121.2 million, slightly surpassing analyst expectations. The company's SaaS revenue surged by 27% to $80.0 million, reflecting strong demand for its cloud-based solutions. Intapp's cloud annual recurring revenue (ARR) also saw a significant 29% rise, reaching $331.1 million, which underscores the company's successful expansion in cloud services. Despite a GAAP net loss of $(0.13) per share, which was consistent with the previous year, the company improved its non-GAAP operating income to $18.9 million, up from $7.6 million in the same quarter last year.
The company also provided an optimistic outlook for the fiscal year 2025, projecting earnings per share between $0.83 and $0.87, which suggests confidence in continued growth and operational efficiency. Intapp's CEO, John Hall, attributed the strong quarterly results to the addition of new clients and expanded client relationships, emphasizing the company's focus on driving AI and cloud adoption across its served industries. The company's financial health was further bolstered by a strengthened cash position of $285.6 million as of December 31, 2024.
Intapp's stock closed at $73.51 on February 4th, marking a 4.24% increase from the previous close of $70.52. However, the stock experienced a significant after-hours decline of 12.69%, bringing the price down to $64.184.