Shares of Intapp, Inc. (INTA) skyrocketed nearly 6% in pre-market trading on Monday, following the company's impressive first-quarter fiscal 2025 earnings report and raised full-year guidance. The legal software provider's strong performance, coupled with an optimistic outlook, has fueled investor enthusiasm and driven the stock's pre-market surge.
Intapp reported a 17% year-over-year increase in revenue to $118.8 million for the quarter ended September 30, exceeding analysts' expectations of $117.8 million. The company's non-GAAP earnings per share of $0.21 also surpassed the consensus estimate of $0.13, marking a significant improvement from the $0.06 reported in the same period last year.
The company's robust results were driven by the remarkable growth of its cloud and software-as-a-service (SaaS) offerings. Intapp's cloud annual recurring revenue (ARR) soared 27% year-over-year to $309 million, while SaaS revenue climbed 30% to $77 million. These figures underscore the company's successful transition to a cloud-based business model and the increasing demand for its innovative solutions.
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