Intapp has wrapped up its fiscal year 2026 with a strong performance, particularly highlighting its pioneering work in "Firm AI" and a significant shift towards cloud-based solutions. The company's strategic vision has driven substantial growth in cloud-based annual recurring revenue (ARR) and seen the successful introduction of its Celeste platform, reinforcing its position in the professional services market. This period marks a pivotal transformation for Intapp as it continues to adapt to evolving technological demands and expand its reach through key partnerships.
The fourth quarter of fiscal year 2026 saw Intapp achieve $115 million in SaaS revenue, marking a 27% increase from the previous year. Cloud ARR surged by 29% to $495.7 million, constituting 84% of the total ARR. Total ARR for the fiscal year reached $590.5 million, reflecting a 22% annual rise. Non-GAAP earnings per share (EPS) for Q4 stood at $0.41, up from $0.27 in the same quarter of the prior fiscal year. Notably, the cloud net revenue retention rate remained robust at 123%, indicating strong client satisfaction and expanded engagement within Intapp's existing customer base.
A key development during this period was the official launch of Celeste, Intapp's agentic AI platform. This innovation is designed to automate complex business processes for professional firms, going beyond individual productivity tools to enhance overall firm efficiency and growth. Intapp's leadership emphasized that Firm AI, unlike generic AI, leverages a firm's unique historical data and methods, ensuring compliance and tailored solutions. This approach has resonated deeply with senior executives in legal, accounting, and financial services sectors, who are keen to harness AI for strategic business expansion rather than just operational efficiency.
Intapp's partnership ecosystem has also been a crucial element of its success. Collaborations with giants like Microsoft have streamlined deal cycles, with Microsoft acting as a co-sell partner in eight of Intapp's ten largest deals this fiscal year. These partnerships enable clients to integrate Intapp's solutions with their existing Azure infrastructure, contributing to Microsoft Azure Consumption Commitments (MACC) and simplifying procurement. Furthermore, an expanded partnership with Moody's now integrates credit risk and sanctions screening directly into the Celeste platform, providing deal and risk teams with critical counterparty intelligence within their workflow.
The company also reported a record number of cloud migrations in Q4, with over 30 firms transitioning from on-premise to cloud environments. This acceleration is largely driven by clients' desire to access Celeste's generative AI capabilities, which require cloud infrastructure. The shift has led to a decrease in on-premise ARR to below $100 million and a decline in license revenue, as contract durations shorten in anticipation of cloud conversions. This trend underscores a broader industry movement towards cloud-first strategies to leverage advanced AI technologies.
Looking ahead to fiscal year 2027, Intapp projects subscription revenue between $528.7 million and $532.7 million, with total revenue estimated at $656.5 million to $660.5 million. The company expects non-GAAP operating income to range from $134.7 million to $138.7 million, and non-GAAP EPS between $1.58 and $1.62. These forecasts are underpinned by continued cloud subscription growth, increased monetization of Celeste, and ongoing operational leverage. Intapp's confidence stems from strong early adoption signals for Celeste and a robust pipeline, signaling a promising trajectory towards achieving its long-term goal of $1 billion in ARR.
In conclusion, Intapp's fiscal year 2026 has been marked by strategic innovation and impressive financial outcomes. The company has successfully championed its Firm AI strategy through the launch of Celeste, driving substantial cloud adoption and strengthening its ecosystem through key partnerships. The positive financial indicators, coupled with a clear vision for leveraging AI in professional services, position Intapp for sustained growth and market leadership in the coming years. This period underscores the critical role of specialized AI solutions in transforming traditional business operations and unlocking new avenues for efficiency and expansion.
