Intapp (INTA) Q1 2027: Cloud ARR at 85% as Profit Nearly Doubles
As seen on the 24/7 Wall St. homepage on October 27, 2026.
Cloud ARR now makes up 85% of total ARR, so the shift to recurring cloud revenue is effectively complete. Non-GAAP operating income reached $35.4 million from $20.9 million a year ago, and Intapp Celeste just hit general availability.
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Intapp's fiscal first-quarter 2027 revenue of $161.3 million rose 16% year over year and cleared analyst consensus, with non-GAAP diluted EPS of $0.44 also beating expectations and extending a streak of above-consensus quarters.
Non-GAAP operating income reached $35.4 million, nearly double the year-ago quarter, as the revenue mix shifted further toward high-margin subscription software. SaaS revenue grew 29% year over year and non-GAAP gross margin expanded.
Cloud ARR climbed 28% to $515.3 million and now accounts for 85% of total ARR, up from 80% a year ago. A trailing twelve-month cloud net revenue retention rate above 100% signals that existing clients keep expanding their spending, an important indicator for the durability of future revenue.
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The quarter also marked the general availability of Intapp Celeste, the company's governed agentic AI platform aimed at professional services firms. CEO John Hall described the market response as remarkable, noting that managing partners are calling it exactly what they need. New launches embedded Celeste into compliance, risk management, and revenue workflows, with AI ecosystem collaborations announced alongside OpenAI, Moody's, and Legora.
Intapp repurchased 0.6 million shares for $25 million during the quarter. Management guided full-year 2027 revenue of $658.2 million to $662.2 million, with second-quarter revenue and EPS ranges provided alongside it.
Mentioned: INTA