Interactive Intelligence Reports Record First Quarter Revenues
INDIANAPOLIS, April 21 /PRNewswire-FirstCall/ -- Interactive
Intelligence Inc. (NASDAQ:ININ), a global developer of business
communications software, today reported record revenues of $14.6
million for its first quarter ended March 31, 2005, an increase in
revenues of 6 percent over revenues of $13.7 million reported for
the first quarter of 2004. Software revenues for the first quarter
of 2005 were $7.8 million, an increase of 11 percent over the first
quarter of 2004. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990914/IILOGO ) Net income
for the first quarter was $25,000, or $0.00 per share, compared to
net income of $120,000, or $0.01 per share, in the comparable
quarter of 2004. Operating expenses increased principally due to
sales and marketing costs associated with the operations of
Vonexus, a wholly-owned subsidiary established in the second half
of 2004. Vonexus offers a complete phone system based on Enterprise
Interaction Center(R) (EIC), the first all-software Microsoft-based
IP PBX. "We are encouraged by the increased customer licensing for
our contact center solutions when we compare the first quarter of
2005 to the first quarter of 2004," said Interactive Intelligence
president and chief executive officer, Dr. Donald E. Brown. "We
believe our growth is indicative of the value our innovative
solutions deliver to our customers and believe that we will
continue to win business in our traditional call center market. We
are also pleased with the expanding partnerships and increasing
revenues of our wholly-owned Vonexus subsidiary. When we created
Vonexus we knew that there would be an investment period. We are
seeing order amounts increasing and we remain positive about the
potential as we move through 2005 and into 2006." Interactive
Intelligence added more than 60 new customers during the first
quarter of 2005. Customers signing contracts in the first quarter
included Interactive Intelligence contact center purchases and
Vonexus IP PBX purchases. Together, these customers represented a
wide range of industries including professional services firms,
government agencies, financial services, technology companies and
universities. Other company highlights in the first quarter
included an agreement between Vonexus and Quintum Technologies,
which enables EIC to be packaged with the SIP Tenor VoIP MultiPath
gateways, giving customers increased reliability, improved quality
of service, and simplified deployment. Also in the first quarter,
Vonexus announced its plan to offer a premise- based IP audio
conferencing product called Live Conference(TM), with Microsoft
Office Live Meeting, giving customers a conferencing solution
designed to reduce costs, increase productivity, and enhance
collaboration. Additionally, Interactive Intelligence released
enhanced versions of its contact center automation software,
Customer Interaction Center(R) (CIC), and its unified messaging and
communications software, Communite(R). In its continued push to
penetrate the rapidly growing IP telephony market, Interactive
Intelligence also released its upgraded SIP proxy server, called
Interaction SIP Proxy(TM) 3.0. The new version, ideal for
distributed contact centers, large enterprises, and service
providers, includes major enhancements to security, site
survivability, and multi-device support. In recognition of its
progress within the IP telephony market, Internet Telephony
magazine honored Vonexus with its 2004 Product of the Year Award,
which was announced in January. And in March, Customer Inter@ction
Solutions magazine named Interactive Intelligence a 2005 IP Contact
Center Technology Pioneer Award winner. Interactive Intelligence
will host an earnings conference call today at 4:30 p.m. Eastern
time (EDT), featuring Dr. Brown and the company's chief financial
officer, Stephen R. Head. There will be a live Q&A session
following opening remarks. The teleconference is expected to last
approximately 45 minutes. To access the teleconference, please dial
1-800-633-8684 at least five minutes prior to the start of the
call. Ask for the teleconference by the following name:
"Interactive Intelligence first quarter earnings call." The
teleconference will also be broadcast live on the company's
investor relations' page at http://www.inin.com/investors . An
archive of the teleconference will be posted following the call. To
receive a copy of the earnings release, please call 317.872.3000
and press "4" for investor relations, or e-mail . About Interactive
Intelligence Inc. Interactive Intelligence Inc. (NASDAQ:ININ) is a
global developer of business communications software for IP
telephony, contact center automation, unified communications, and
customer self-service. The company was founded in 1994 and has more
than 1,000 customers worldwide. Recent company awards include
Software Magazine's 2004 Top 500 Global Software and Services
Companies, and Network World Magazine's 2003 Top 200. Interactive
Intelligence employs approximately 350 people and is headquartered
in Indianapolis. The company has 12 offices throughout North
America, Europe and Asia. Interactive Intelligence can be reached
at +1 317.872.3000 or ; on the Web: http://www.inin.com/ . This
release contains certain forward-looking statements that involve a
number of risks and uncertainties. Among the factors that could
cause actual results to differ materially are the following: rapid
technological changes in the industry; volatility in the market
price of the company's common stock; the company's ability to
achieve profitability, to manage successfully its growth and
increasingly complex third party relationships, to maintain
successful relationships with its current and any new resellers, to
maintain and improve its current products and to develop new
products and to protect its proprietary rights adequately; and
other factors described in the company's SEC filings, including the
company's latest annual report on Form 10-K and its quarterly
reports on Form 10-Q. Interactive Intelligence Inc. is the owner of
the marks INTERACTIVE INTELLIGENCE, its associated LOGO and
numerous other marks. All other trademarks mentioned in this
document are the property of their respective owners. Contacts:
Stephen R. Head Chief Financial Officer Interactive Intelligence
Inc. +1 317.715.8412 Christine Holley Director, Market
Communications Interactive Intelligence Inc. +1 317.715.8220
Interactive Intelligence, Inc. Consolidated Balance Sheets (in
thousands) March 31, December 31, 2005 2004 (unaudited) Assets
Current assets: Cash and cash equivalents $15,155 $14,603 Accounts
receivable, net 10,119 10,251 Prepaid expenses 2,919 2,119 Other
current assets 646 836 Total current assets 28,839 27,809 Property
and equipment, net 4,039 4,071 Other assets, net 629 618 Total
assets $33,507 $32,498 Liabilities and Shareholders' Equity Current
liabilities: Line of credit $3,000 $3,000 Accounts payable and
accrued liabilities 5,467 5,894 Accrued compensation and related
expenses 1,196 1,200 Deferred software revenues 4,693 4,484
Deferred services revenues 13,863 12,884 Total current liabilities
28,219 27,462 Shareholders' equity: Preferred stock - - Common
stock 160 159 Additional paid-in-capital 65,405 65,179 Accumulated
deficit (60,277) (60,302) Total shareholders' equity 5,288 5,036
Total liabilities and shareholders' equity $33,507 $32,498
Interactive Intelligence, Inc. Consolidated Statements of
Operations (in thousands, except per share amounts) Three months
ended March 31, 2005 2004 (unaudited) Revenues: Software $7,795
$6,993 Services 6,798 6,713 Total revenues 14,593 13,706 Cost of
revenues: Software 632 493 Services 2,841 2,855 Total cost of
revenues 3,473 3,348 Gross profit 11,120 10,358 Operating expenses:
Sales and marketing 5,858 5,028 Research and development 3,195
3,278 General and administrative 2,063 1,871 Restructuring and
other charges - 16 Total operating expenses 11,116 10,193 Operating
income 4 165 Interest income, net 51 7 Income before income taxes
55 172 Income taxes 30 52 Net income $25 $120 Net income per share:
Basic $0.00 $0.01 Diluted $0.00 $0.01 Shares used to compute net
income per share: Basic 15,958 15,806 Diluted 16,260 16,700
http://www.newscom.com/cgi-bin/prnh/19990914/IILOGO
http://photoarchive.ap.org/ DATASOURCE: Interactive Intelligence
Inc. CONTACT: Stephen R. Head, Chief Financial Officer,
+1-317-715-8412, , or Christine Holley, Director, Market
Communications, +1-317-715-8220, , both of Interactive Intelligence
Inc. Web site: http://www.inin.com/
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