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Interactive Intelligence shares jump on fourth-quarter earnings forecast

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On The Beat Industry News In Brief

Shares of central Indiana’s only publicly traded technology firm, Interactive Intelligence, soared Jan. 11 after pre-announcing fourth-quarter earnings.

The maker of contact center software said it expects to report fourth-quarter revenue of $49 million to $51 million, compared with $35.9 million for the same quarter last year.

Profit is expected to be $4.5 million to $5.3 million, substantially higher than the $2.5 million earned in the fourth quarter of 2009.
 

interactive intelligence Shares of Interactive Intelligence went on a tear after the company said it expects to report sharply higher fourth-quarter sales. (IBJ File Photo)

The company noted that this year’s results will include revenue of $1.4 million from Latitude Software, which it bought last October. Jacksonville-based Latitude makes debt-collection software. It also scored five orders over $1 million.

Interactive Intelligence founder and CEO Donald Brown said the outlook for 2011 is annual revenue of at least $200 million, or growth of 20 percent over 2010.

The Jan 10 announcement sent shares soaring more than 25 percent at one point, above $36 a share—a 52-week high.

It’s been an eventful month for the city’s IT sector. Besides Interactive Intelligence’s stock bump, marketing software giant Aprimo announced it is being acquired by Dayton, Ohio-based Teradata Corp., for $525 million.

Interactive Intelligence plans to report final results Jan. 28.

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  1. Aaron is my fav!

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  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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