The chart below shows how INTA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INTA sees a +0.64% change in stock price 10 days leading up to the earnings, and a +7.26% change 10 days following the report. On the earnings day itself, the stock moves by +2.08%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Cloud ARR Growth: Cloud ARR grew to $331 million, up 29% year over year, representing 76% of total ARR of $437 million.
SaaS Revenue Surge: SaaS revenue reached $80 million, reflecting a 27% increase year over year, contributing to total revenue of $121 million, which is up 17% year over year.
Gross Margin Improvement: Non-GAAP gross margin improved to 76.7%, up from 73.4% in the prior year period, indicating enhanced operational efficiency.
Strong Cash Generation: Free cash flow for the quarter was $25.2 million, representing 21% of total revenue, showcasing strong cash generation capabilities.
Cloud Revenue Retention Success: Cloud net revenue retention rate was 119%, highlighting the company's success in retaining and expanding business with existing clients.
Negative
License Revenue Stagnation: License revenue was approximately flat year over year at $28,000,000, indicating a stagnation in on-premise sales as clients continue to migrate to cloud solutions.
Operating Expenses Increase: Non GAAP operating expenses increased to $74,100,000 from $68,600,000 in the prior year period, reflecting higher costs associated with product-led growth initiatives without a corresponding increase in revenue.
Professional Services Revenue Growth: Professional services revenue grew only 4% year over year to $13,200,000, suggesting limited growth in this segment despite overall revenue increases.
Cloud Revenue Retention Rate: The company reported a cloud net revenue retention rate of 119%, which, while positive, indicates that there is still a significant portion of revenue that is not being retained or expanded beyond existing clients.
Revenue Growth Below Expectations: Total revenue growth of 17% year over year to $121,200,000 is below expectations, suggesting potential challenges in scaling operations and capturing new market opportunities.
Earnings call transcript: Intapp Q4 2024 beats EPS estimates, stock falls
INTA.O
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