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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowOrders continue to increase at Interactive Intelligence Inc., boosting profit and revenue for the Indianapolis business-communications software firm.
The company on Monday reported revenue of $47.7 million in the quarter ended March 31, up 36 percent from the same period last year.
Profit was $3.1 million, or 16 cents per share, compared to $1.9 million, or 10 cents per share, a year ago.
Excluding certain charges, quarterly profit was $5.5 million, or 28 cents per share, up from $4.2 million or 22 cents per share in 2010.
“We again saw strong year-over-year order increases across all major geographies and product groups,” founder and CEO Donald E. Brown said in a prepared statement. “Total orders were up 55 percent over the first quarter of 2010.”
Earlier this month, Interactive Intelligence said it will ask shareholders at this year’s annual meeting to vote on a proposal to reorganize the firm as a holding company.
If shareholders OK the plan, the firm would become a wholly owned subsidiary of the new holding company—Interactive Intelligence Group Inc.—and future acquisitions will be rolled into the holding company to create a more streamlined operating structure.
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