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Intapp (INTA) Reports Q2 Earnings: What Key Metrics Have to Say
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Intapp (INTA - Free Report) reported $103.93 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 22.7%. EPS of $0.11 for the same period compares to $0.03 a year ago.
The reported revenue represents a surprise of +0.74% over the Zacks Consensus Estimate of $103.17 million. With the consensus EPS estimate being $0.06, the EPS surprise was +83.33%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Intapp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Cloud annual recurring revenue (Cloud ARR): $256.10 million versus the three-analyst average estimate of $251.84 million.
Total ARR: $365 million compared to the $358.53 million average estimate based on three analysts.
Total Recurring Revenues: $91.25 million versus $87.61 million estimated by six analysts on average.
Revenues- Professional Services: $12.68 million versus $15.56 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
Total Recurring Revenues- Subscription license: $14.14 million compared to the $12.01 million average estimate based on six analysts. The reported number represents a change of +28.8% year over year.
Total Recurring Revenues- SaaS and support: $77.11 million versus $75.60 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +25.2% change.
Shares of Intapp have returned +21.5% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Intapp (INTA) Reports Q2 Earnings: What Key Metrics Have to Say
Intapp (INTA - Free Report) reported $103.93 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 22.7%. EPS of $0.11 for the same period compares to $0.03 a year ago.
The reported revenue represents a surprise of +0.74% over the Zacks Consensus Estimate of $103.17 million. With the consensus EPS estimate being $0.06, the EPS surprise was +83.33%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Intapp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Cloud annual recurring revenue (Cloud ARR): $256.10 million versus the three-analyst average estimate of $251.84 million.
- Total ARR: $365 million compared to the $358.53 million average estimate based on three analysts.
- Total Recurring Revenues: $91.25 million versus $87.61 million estimated by six analysts on average.
- Revenues- Professional Services: $12.68 million versus $15.56 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
- Total Recurring Revenues- Subscription license: $14.14 million compared to the $12.01 million average estimate based on six analysts. The reported number represents a change of +28.8% year over year.
- Total Recurring Revenues- SaaS and support: $77.11 million versus $75.60 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +25.2% change.
View all Key Company Metrics for Intapp here>>>Shares of Intapp have returned +21.5% over the past month versus the Zacks S&P 500 composite's +5.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.