Intapp Inc. (INTA), a leading provider of business applications for professional and financial services firms, has reached an all-time high of $69.38, marking a significant milestone for the company's stock performance. According to InvestingPro data, the company, now valued at $5.36 billion, shows strong momentum despite technical indicators suggesting overbought conditions. This peak reflects a robust growth trajectory over the past year, with Intapp's stock value surging by an impressive 86.93%. The company has demonstrated solid operational performance with 20.07% revenue growth and maintains a GOOD financial health score. Investors have shown increasing confidence in Intapp's strategic initiatives and market position, contributing to the stock's strong upward momentum and setting a new record in the company's trading history. For deeper insights into Intapp's valuation and growth prospects, InvestingPro offers 13 additional investment tips and a comprehensive Pro Research Report.
In other recent news, Intapp's robust financial performance has been marked by a focus on cloud solutions and artificial intelligence. The company's recent first quarter results revealed a 27% year-over-year increase in cloud Annual Recurring Revenue (ARR) to $309 million, which accounts for 74% of the total ARR of $417 million. The non-GAAP diluted EPS was reported at $0.21, with free cash flow standing at $24.1 million. Despite a 35% year-over-year decrease in net new ARR, attributed to a slowdown in large deal activity, SaaS revenue saw a 30% increase, reaching $77 million, and total revenue grew by 17% to $119 million.
Intapp's recent Annual Meeting of Stockholders resulted in the reelection of Class I directors Ralph Baxter (NYSE:BAX), Charles Moran, and George Neble, and the ratification of Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal year 2025. The stockholders also approved an annual "Say-on-Pay" vote.
Oppenheimer maintained its Perform rating for Intapp, emphasizing the company's sustained SaaS revenue growth and operating leverage. Intapp's projections for Q2 SaaS revenue range between $79.5 million and $80.5 million, with full fiscal year SaaS revenue expected between $327.6 million and $331.6 million.
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