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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowInteractive Intelligence Group Inc. on Monday reported a loss of $3.5 million in the fourth quarter, but the financial results topped the expectations of analysts.
The Indianapolis-based software company said earnings, adjusted for stock-option expenses and amortization costs, came to 12 cents per share. On that basis, the results exceeded the average estimate of 3 cents per share by seven analysts surveyed by Zacks Investment Research.
The company posted record revenue of $107.7 million in the period, which also topped Street forecasts. Analysts surveyed by Zacks expected $104.7 million.
"Overall, it was an excellent quarter, highlighted by our ability to beat our earlier guidance on both the top and bottom lines, with most of this performance driven by increased contributions from the cloud,” CEO Don Brown said in a conference call Monday night. “It was our first time to ever break the mark of $100 million of revenue in a quarter. I am very proud to reach this milestone. It's one that I never could have imagined attaining when I started the company 21 years ago.”
For the year, the company reported a loss of $21.8 million, or $1.01 per share, less than the $41.4 million, or $1.98 per share, it lost in 2014. Annual revenue was reported as $390.9 million, up from $341.3 million the year before.
Interactive Intelligence shares were up 14 percent, to $27.21 each, Tuesday morning. The shares have fallen 35 percent in the past year.
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