Financial Results and Public Companies and Tech Companies and Interactive Intelligence and Technology

Profit, revenue increase for Interactive Intelligence

November 1, 2010

Indianapolis-based Interactive Intelligence Inc. on Monday announced higher profit on soaring revenue in the third quarter.

The business-communications software firm had profit of $3.5 million, or 19 cents per share, in the quarter ended Sept. 30, up from $2.8 million , or 15 cents per share, in the same period of 2009.

Quarterly revenue leaped to $41.8 million, an increase of 26 percent over revenue of $33.2 million a year ago.

"Our performance during the quarter was strong across North America, Europe, Middle East, Africa, and specific regions throughout Asia-Pacific," said Interactive Intelligence CEO Donald E. Brown in  prepared statement. "As we reported in our preliminary third-quarter announcement, we closed a number of large orders during the quarter, which was a main contributor to our increased revenues and earnings. We continue to execute on our strategy of moving up-market, with record average dollar amounts for new orders. We're also seeing strong increases in new cloud-based communications orders, positively building our recurring revenue base."

Interactive announced its quarterly results after the stock market closed. Company shares closed at $24.53 each, down 18 cents on Monday.

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