The following is a summary of the Intapp, Inc. (INTA) Q4 2024 Earnings Call Transcript:

Financial Performance:

• In Q4, Intapp reported Cloud ARR of $297 million, up 33% year-over-year, with cloud accounting for 73% of total ARR at $404 million.

• SaaS and support revenue for Q4 was $85 million, reflecting a 25% year-over-year increase, while total revenue was $114 million, up 21% year-over-year.

• Non-GAAP gross margin for Q4 improved to 76.1% from 69.9% in the prior year period.

• Non-GAAP operating income for Q4 grew substantially to $13.5 million from $3 million in the previous year.

Business Progress:

• Intapp has launched a new set of generative AI capabilities customized for its target markets, emphasizing their ongoing innovation and R&D efforts.

• Expansion through strategic acquisitions like Delphai and Transform Data International has enhanced their product portfolio, especially in AI applications and enterprise collaboration technologies.

• Significant progress in their partner ecosystem, notably a strategic partnership with Microsoft, bolstering their global presence and facilitating co-selling opportunities.

Opportunities:

• The substantial growth in Cloud ARR and client adoption of Intapp's new AI and cloud solutions underscores the potential for further market penetration and growth through technological innovation.

• New strategic acquisitions provide avenues for product enhancement and market competitiveness, especially in AI-driven solutions for professional services markets.

Risks:

• Possible sensitivity in segments like investment banking, which may impact business stability or growth, particularly under uncertain economic conditions.

More details: Intapp IR

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