Key Highlights

  • Total revenue was $161.3 million, up 16% from $139.0 million.
  • Subscription revenue rose 29% to $125.5 million, while license revenue fell about 21% to $23.0 million.
  • Non-GAAP diluted EPS was $0.44 versus $0.24 a year earlier, against a $0.40 estimate as screened.
  • Cloud ARR reached $515.3 million, up 28%, with trailing net revenue retention of 123%.
  • Fiscal 2027 non-GAAP EPS guidance was raised to $1.64 to $1.68 from $1.58 to $1.62.

Intapp Earnings: Did Subscription Growth Carry the Quarter and the Outlook?

Intapp (NASDAQ:INTA) reported fiscal first-quarter 2027 results for the period ended September 30 after the close on Tuesday, October 27. Total revenue was $161.3 million, up 16% from $139.0 million, and non-GAAP diluted EPS was $0.44 versus $0.24. The screen estimate was $0.40.

Management lifted its fiscal 2027 outlook. Total revenue is now guided to $658.2 million to $662.2 million, up from $656.5 million to $660.5 million, and non-GAAP EPS to $1.64 to $1.68, up from $1.58 to $1.62.

Intapp supplies cloud software to professional services firms, including law, accounting, consulting and investment banking practices, covering client relationships, compliance, time capture and deal workflows.

Intapp Revenue Mix: Why Is Subscription Up 29% While License Falls?

Subscription revenue grew 29% to $125.5 million from $97.5 million, which is now 78% of the total. License revenue declined about 21% to $23.0 million as customers move to the cloud, and professional services rose about 3% to $12.7 million.

Total annual recurring revenue was $607.1 million, up 20%. Cloud ARR was $515.3 million, up 28%, and now represents 85% of the total versus 80% a year earlier. Trailing cloud net revenue retention was 123%.

The company had 908 clients with ARR above $100,000 and more than 1,400 above $50,000. The chief executive tied the quarter to Intapp Celeste, an AI offering now generally available, along with new Compliance and Time modules and partnerships with AI and data providers.

Intapp Margins and Cash: How Much of the Profit Gain Is Adjusted?

Non-GAAP operating income was $35.4 million, a 22.0% margin, versus $20.9 million a year earlier. On a GAAP basis the company posted an operating loss of $1.1 million, improved from a $14.5 million loss, and a net loss of $1.3 million, or $0.02 per share, compared with $0.18.

Operating cash flow doubled to $28.4 million from $13.8 million, and free cash flow was $28.1 million versus $13.2 million. Cash and equivalents were $147.7 million, down from $162.8 million at June 30, 2026.

The company repurchased 0.6 million shares for $25.0 million, half the $50.0 million spent in the prior-year quarter. Deferred revenue fell to about $290.4 million from $317.7 million at the end of June.

Intapp Guidance Detail: What Do the Second-Quarter Ranges Imply?

For the second quarter, management guided total revenue to $158.8 million to $159.8 million, subscription revenue to $129.1 million to $130.1 million, non-GAAP operating income to $31.8 million to $32.8 million, and non-GAAP EPS to $0.37 to $0.39. Full-year subscription revenue is guided to $530.5 million to $534.5 million, up from $528.7 million to $532.7 million, and non-GAAP operating income to $136.8 million to $140.8 million.

Guidance excludes about $36.6 million of second-quarter stock compensation and $138.1 million for the year. Watch the second-quarter report for continued cloud conversion, the pace of license decline, and Celeste adoption. No share reaction is cited here.