Baron Funds – Intapp, Inc.: We Anticipate Margin Expansion to Exceed 20%
Intapp, Inc. is an industry-leading provider of cloud-based professional services automation software. The company’s software helps firms manage their operations more efficiently, including time tracking, billing, and project management.
Intapp has been a public company since 2021. Since then, the company’s stock price has performed well, outperforming the S&P 500 index. Intapp’s strong financial performance is due in part to its high margins. The company’s gross margins are in the mid-70% range, and its operating margins are in the mid-20% range. Intapp’s margins are expected to continue to expand in the future.
Why Intapp’s Margins Are Expanding
There are several reasons why Intapp’s margins are expanding.
Outlook
Intapp is well-positioned to continue its margin expansion in the future. The company’s strong competitive position, growing scale, and continued focus on cost optimization will all contribute to margin improvement.
Baron Funds is bullish on Intapp’s future prospects. We believe that the company’s margins will continue to expand, and that this will drive strong earnings growth in the years to come.
Kind regards
M. Davis