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Interactive Intelligence quarterly results top expectations

August 3, 2015

Interactive Intelligence Group Inc. on Monday afternoon announced quarterly results that topped analyst expectations.

The Indianapolis-based software and cloud-services company reported revenue of $96.3 million in the second quarter, up 21 percent from the $79.8 million it brought in a year ago. Five analysts surveyed by Zacks Investment Research expected revenue of $92.4 million.

Revenues from cloud subscriptions were $21.9 million, an increase of 58 percent from the second quarter of 2014.

The company lost $5.1 million, or 24 cents per share, in the quarter, down from $6.8 million, or 33 cents per share, in the same quarter a year ago.

Earnings, adjusted for stock option expense and non-recurring costs, were $307,000, or 1 cent per share, compared with an adjusted loss of $3.7 million, or 18 cents per share, a year ago.

The adjusted earnings exceeded an estimate of six analysts surveyed by Zacks, who expected a loss of 9 cents per share.

“We saw strong execution against our strategic plan this quarter,” Interactive Intelligence founder and CEO Donald E. Brown said in a written statement. “Demand remained solid for our single-tenant cloud solutions and increased nicely for our on-premises solutions. Importantly for the future, interest is building for our new multi-tenant cloud offerings."

In other news involving Interactive Intelligence, the company last week promoted Ashley Vukovits to chief financial officer effective Aug. 1. Vukovits is replacing Stephen R. Head, who will remain with the company through mid-August to help with the transition.

Vukovits has been with Interactive for more than 12 years, most recently as vice president of finance.

Interactive Intelligence also promoted chief performance officer Bill Gildea to the newly created position of chief operating officer.

Interactive Intelligence shares closed Monday at $41.25 each, down 21 cents on the day. The stock has fallen 14 percent since the beginning of the year.

 

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