Interactive Intelligence Group Inc. on Monday reported a first-quarter loss, but still managed to top Wall Street predictions for the fourth consecutive quarter.
The Indianapolis-based software company lost $3.46 million, or 16 cents per share, in the three months ended March 31. In the same period last year, the company lost $2.56 million, or 12 cents a share.
Adjusting for one-time expenses and costs, the company saw a loss of 4 cents a share in the most recent quarter. Analysts surveyed by Thomson Financial Network expected a loss of 14 cents a share at the consensus mark.
The last time the company disappointed Wall Street was when it reported a loss of 2 cents a share in the first quarter last year versus an expected profit of 1 cent a share. Still, the company's stock is down $18.82, or 30 percent, per share since May 5 last year.
The company also beat revenue estimates in the latest period, with $89.48 million, topping the $88.12 million that Wall Street projected.
The firm, which provides customer engagement software and cloud services, said its cloud revenue jumped 61 percent, to $21 million, compared with $13.1 million in the first quarter of 2014.
"We hit our marks in the first quarter and expect to continue doing so for the year," said CEO Don Brown said in a written statement. "In addition to steady growth in revenues from our cloud solutions, we saw improved efficiencies in our cloud delivery operations, increased sales to new customers, growth in the number of large transactions, healthy expansion sales, and an uptick in orders for our on-premises technology.
Shares closed Monday at $43.40 a piece, up 0.28 percent for the day. Shares rose to $45 a share in after-market trading.