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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. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

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