Interactive Intelligence Group Inc. on Wednesday reported a fourth-quarter loss, but the results exceeded analyst expectations.
The Indianapolis-based software firm lost $29.9 million, or $1.42 per share, in the period ended Dec. 31, compared with a profit of $3.5 million, or 17 cents per share, in the fourth quarter of 2013.
Profit, adjusted for one-time gains and costs, came to 26 cents per share, surpassing Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
Interactive Intelligence said it had revenue of $92.6 million in the period, which slightly missed analyst expectations of $93.3 million, according to Zacks.
Total orders increased 22 percent from the fourth quarter of 2013. Cloud-based orders were up 42 percent and represented 55 percent of total orders.
For the year, the company reported a loss of $41.4 million, or $1.98 per share, compared to a gain of $9.5 million in 2013. Full-year revenue was $341.3 million, an increase of 7 percent over 2013.
Interactive Intelligence shares have decreased 8 percent since the beginning of the year. Shares closed at $43.98 on Wednesday, a fall of 40 percent in the last 12 months.