Intapp Reports Strong Q1 2027 Results Driven by Cloud Growth and Celeste Platform Launch
Intapp (INTA) delivered robust first-quarter results for fiscal year 2027, characterized by significant cloud expansion and the successful launch of its Celeste platform. Subscription revenue grew 29% year-over-year to $125.5 million, while Cloud Annual Recurring Revenue (ARR) reached $515.3 million, now accounting for 85% of total ARR. The company's strategic shift toward cloud services is evidenced by a 123% net revenue retention rate among cloud clients. The introduction of the Celeste platform has significantly accelerated the sales pipeline, with new bookings increasingly incorporating the product. While on-premises license revenue declined due to shorter contract durations as clients migrate to the cloud, overall profitability improved, with non-GAAP operating income rising to $35.4 million. Management issued positive full-year guidance for both total revenue and subscription revenue, signaling confidence in their AI-driven workflow solutions.
Topics: cloud ARR free cash flow gross margin operating income revenue guidance subscription revenue
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Part of the story Intapp Announces General Availability of Celeste AI Platform and Reports Cloud Revenue Growth (4 articles)