Interactive Intelligence Earnings: Here’s Why Investors are Excited Now
Interactive Intelligence, Inc. (NASDAQ:ININ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 6.62%.
Interactive Intelligence, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 88.89% to $0.17 in the quarter versus EPS of $0.09 in the year-earlier quarter.
Revenue: Rose 38.72% to $73.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Interactive Intelligence, Inc. reported adjusted EPS income of $0.17 per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $64.43 million.
Quoting Management: “During the first quarter of 2013, we had solid order growth in all our geographies and booked twice as many orders greater than $250,000 as we did in the first quarter last year,” said Interactive Intelligence founder and CEO, Dr. Donald Brown. “Our year-over-year revenue growth further highlights our ongoing traction with some of the world’s largest global companies as they adopt our technology with on-premises deployments or by joining the move to the cloud. The rapid growth of our cloud-based orders and revenues continued to enhance the scale of our overall recurring revenues. We will continue to make those investments that drive growth in market share, particularly with our cloud-based offering, which remains the highest growth segment of our market.”
Key Stats (on next page)…