Intapp Q1 profit beats estimates on subscription growth
INTA•Intapp’s fiscal Q1 revenue rose 16% year over year, with subscription revenue up 29%. Adjusted EPS was $0.44 versus a $0.40 estimate, and the company repurchased $25 million in shares.
1. Subscription growth
Intapp reported fiscal Q1 subscription revenue growth of 29% year over year, driven by demand for cloud-based solutions among professional firms. Cloud annual recurring revenue rose 28% and reached 85% of total ARR; the trailing 12-month cloud net revenue retention rate was 123%.
2. Earnings and outlook
Adjusted EPS was $0.44, compared with analyst expectations of $0.40. Adjusted net income of $34.40 million and adjusted operating profit of $35.42 million also beat estimates. Intapp expects Q2 subscription revenue of $129.1 million to $130.1 million and total revenue of $158.8 million to $159.8 million. It forecasts fiscal 2027 non-GAAP diluted EPS of $1.64 to $1.68.
3. Share repurchases
Intapp repurchased $25 million in shares during the quarter.
