IBJNews

Interactive Intelligence posts lower profit on higher revenue

Back to TopCommentsE-mailPrintBookmark and Share

Interactive Intelligence Group Inc. reported a 67-percent drop in profit on higher revenue as orders grew significantly in the third quarter.

The Indianapolis-based maker of call-center software said late Thursday that it earned $1.9 million, or 10 cents per share, compared with $5.8 million, or 29 cents per share, in the year-ago period.

Despite the lower profit, earnings beat analyst estimates by 5 cents.

Revenue increased 14 percent, to $59.3 million.

The company’s 18-percent increase in orders was largely driven by a 53-percent surge in cloud-based contracts.

The company increasingly is selling a lower percentage of its software in a box and more through cloud-based delivery, in which customers access software over the Internet.

“We are successfully moving up market, winning business with some of the world’s largest global companies, and continuing to take advantage of the market shift toward cloud-based contract center deployments,” founder and CEO Donald Brown said in a prepared statement.

Interactive Intelligence shares rose 4.2 percent Friday morning, to $33.96 each, a 52-week high.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT