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Interactive Intelligence expecting strong earnings

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Indianapolis-based Interactive Intelligence Inc. expects profit in both the fourth quarter and entire year of 2010 to exceed earnings in the previous time periods, the company announced late Monday.

The business-communications software firm, in announcing preliminary earnings, anticipates reporting fourth-quarter profit of between $4.5 million and $5.3 million, or about 23 cents to 27 cents per share.

For the final quarter of 2009, Interactive Intelligence earned $2.5 million, or 14 cents per share.

The fourth quarter is typically the company’s strongest, and that held true in 2010, Interactive Intelligence Founder and CEO Donald E. Brown said in a prepared statement.

“A number of significant product orders resulted in an outstanding performance for the quarter, including five orders over $1 million and another 25 orders over $250,000,” he said.

For the year ended Dec. 31, Interactive Intelligence expects profit of between $12.3 million and $13.1 million, with earnings per share of between 65 cents and 69 cents, compared with 2009 profit of $8.6 million, or 47 cents per share.

Fourth-quarter revenue last year should be between $49 million and $51 million, compared to revenue of $35.9 million in the same quarter of 2009.

The company forecasts revenue for the entire year to be between $164.7 million and $166.7 million, compared to $131.4 million in 2009.

The company’s outlook for 2011 includes annual revenue of at least $200 million, or 20-percent growth compared to last year’s revenue, Brown said.

Interactive Intelligence is scheduled to report fourth quarter and year-end results for 2010 at 7 a.m. Jan. 28.

Company shares hit a 52-week high of $29.62 each on Monday before closing slightly lower at $29.41.
 
 

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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