Indianapolis-based software maker Interactive Intelligence Group Inc. saw profit slip in the fourth quarter despite a rise in revenue.
The company said Wednesday that it earned $4.6 million in the quarter ended Dec. 31, down from $7.1 million in the same quarter of 2010. Revenue rose from $25 million to $27.3 million.
For the full fiscal year, Interactive earned $14.8 million, slightly less than the $14.9 million it made in 2010. Revenue rose from $79.8 million to $94.7 million.
Orders for the company’s cloud-based software, which is accessed via the Internet rather than hosted at the customer’s premises, continued to rise.
Cloud-based orders grew 500 percent in the quarter compared to the same period of 2010. For all of 2011, cloud-based orders grew 179 percent over the previous year. Cloud-based orders grew to 23 percent of total orders in 2011, more than double the 11 percent of total orders in 2010.
The company's stock price rose 57 cents, or 2.2 percent, to $26.38 per share Wednesday before the quarterly report was issued.