Intapp Revenue Rises 16% to $161.3 Million in Fiscal First Quarter
Key Facts
Intapp reported revenue of $161.3 million in the first quarter of its fiscal 2027, up 16% year over year, according to results published on October 27, 2026. Subscription revenue rose 29% to $125.5 million, highlighting the contribution of recurring business to the company's growth. Adjusted diluted earnings per share came to $0.44, topping the analyst consensus estimate of $0.40. But investors focused on the outlook after the company issued a second-quarter revenue range below analyst estimates. Shares fell 9.2% in after-hours trading on Tuesday following the guidance, according to Investing.com.
The company said it expects fiscal 2027 second-quarter revenue of $158.8 million to $159.8 million, with adjusted earnings per share of $0.37 to $0.39. The projected revenue range puts next quarter below the actual $161.3 million in first-quarter revenue, although a comparison between consecutive quarters alone does not reflect the annual growth pattern. Coverage noted that guidance came in below analyst estimates, accompanying the post-market decline in the stock. These figures set the next quarterly milestone for investors as they track the company's ability to sustain subscription growth. Actual first-quarter results have now replaced the prior expectations for that quarter.
Cloud annual recurring revenue was $515.3 million as of September 30, 2026, up 28% year over year, according to Investing.com. Cloud revenue accounted for 85% of total annual recurring revenue on that date, compared with 80% on September 30, 2025, according to a company statement republished by StockTitan. Cloud net retention was also 123% for the twelve months ended September 30, 2026. The metric measures revenue from the existing customer base after expansion and contraction, according to the definition the company provided with its results. These indicators add context to subscription growth alongside reported quarterly revenue.
Intapp reported 908 customers with contracts generating more than $100,000 in annual recurring revenue each, as of September 30, 2026. The figure offers an indication of the breadth of the large-contract customer base, as cloud revenue made up a greater share of total recurring revenue than a year earlier. Meanwhile, the results showed an improvement in the GAAP operating loss, which was $1.1 million in the first quarter, compared with a loss of $14.5 million in the same period of the prior fiscal year. This operating loss differs from the adjusted earnings-per-share measure that exceeded analyst expectations. Taken together, the indicators show revenue growth alongside an improved operating result under accounting standards.
Previous guidance ranged from $656.5 million to $660.5 million, according to an Intapp announcement on August 4, 2026, making the updated full-year outlook higher than the prior range despite quarterly guidance that was weak relative to analyst estimates. The annual forecast remains separate from the second-quarter range of $158.8–$159.8 million. Investors are therefore weighing the higher full-year outlook against the quarterly signal that prompted a negative response in extended trading. The prior fiscal 2026 results showed SaaS revenue of $422.8 million, up 27%, and total revenue of $577.8 million, up 15%.
SaaS revenue in the fourth quarter of fiscal 2026 was $115.0 million, up 27% year over year, while quarterly total revenue reached $152.5 million, up 13%, according to the company’s results. Cloud annual recurring revenue was about $495.7 million as of June 30, 2026, up 29%, and accounted for 84% of total annual recurring revenue, compared with 79% a year earlier. The move from the end-of-June indicators to the September 30 data shows cloud annual recurring revenue rising to $515.3 million, while its year-over-year growth remained at 28% in September. In an earlier statement, Chief Executive John Hall attributed the company’s progress to advancing its enterprise AI strategy and agent capabilities through Celeste, the assistant the company announced it had made available to professional firms. Markets are now awaiting second-quarter results within the ranges the company announced, while a replay of the results call remains available in the events and presentations section of the investor relations website for 90 days after the live broadcast.