Interactive Intelligence Announces Preliminary Second Quarter 2008 Results
July 07 2008 - 8:00AM
Business Wire
Interactive Intelligence (Nasdaq: ININ), a global provider of
unified IP business communications solutions, has announced
preliminary results for its second quarter ended June 30, 2008. The
company expects to report: Total revenues between $30.0 million and
$31.0 million; Product revenues between $15.0 million and $15.5
million; Gross margins within the range of 66 percent and 68
percent; Net income on a non-GAAP* basis between $2.2 million and
$2.7 million, with diluted earnings per share (EPS) between $0.12
and $0.14; Net income on a GAAP basis between $500,000 and $1.0
million, with EPS between $0.03 and $0.05; and Cash and cash
equivalents of approximately $49.7 million. Non-GAAP net income and
EPS differ from GAAP net income and EPS due to stock-based
compensation expense of approximately $944,000, or EPS of $0.05,
and non-cash income tax expense of approximately $700,000, or EPS
of $0.04. "Orders from new customers were strong, with a higher
number signed compared to any quarter in the last two years, and we
continued to see good growth in maintenance revenues,� said
Interactive Intelligence founder and CEO, Dr. Donald E. Brown. �At
the same time, orders from existing customers were lower than we
had expected. While we have more to understand about purchasing
decisions during the quarter, it�s clear that the current economic
environment limited expansions of existing implementations.� As
Interactive Intelligence has not completed preparation of its
financial statements for the quarter ended June 30, 2008, the
preliminary results provided may be subject to adjustments and
could change materially. The company plans to release final second
quarter financial results July 28, 2008 at 4 p.m. Eastern time
(EDT), and will host a conference call at 4:30 p.m. EDT. To access
the teleconference, please dial 1 877.681.3371 at least five
minutes prior to the start of the call. Ask for the teleconference
by the following name: �Interactive Intelligence second quarter
earnings call.� The teleconference will also be broadcast live on
the company's investor relations page at http://investors.inin.com.
An archive of the teleconference will be posted following the call.
About Interactive Intelligence Interactive Intelligence Inc.
(Nasdaq: ININ) is a global provider of unified business
communications solutions for contact center automation, enterprise
IP telephony, and enterprise messaging. The company was founded in
1994 and has more than 3,000 customers worldwide. Interactive
Intelligence is among Software Magazine�s top 500 global software
and services suppliers, is ranked among NetworkWorld�s top 200
North American networking vendors, is a BusinessWeek �hot growth
50� company, and is among FORTUNE Small Business Magazine�s top 100
fastest growing companies. Interactive Intelligence employs
approximately 600 people and is headquartered in Indianapolis,
Indiana. It has six global corporate offices with additional sales
offices throughout North America, Europe, Middle East, Africa and
Asia Pacific. Interactive Intelligence can be reached at +1
317.872.3000 or info@inin.com; on the Net: www.inin.com. * Non-GAAP
Measures The non-GAAP measures shown in this release exclude
non-cash stock-based compensation expense for stock options and
non-cash income tax expense. These measures are not in accordance
with, or an alternative for, GAAP and may be different from
non-GAAP measures used by other companies. Management believes that
the presentation of non-GAAP results, when shown in conjunction
with corresponding GAAP measures, provides useful information to
management and investors regarding financial and business trends
related to the company�s results of operations. Further, management
believes that these non-GAAP measures improve management�s and
investors� ability to compare the company�s financial performance
with historical periods because certain historical periods excluded
stock-based compensation expense for stock options (prior to 2007)
and income tax expense and benefits have varied significantly and
are primarily non-cash. Interactive Intelligence�s management uses
these non-GAAP results to compare its performance to its peers in
the software industry. Because stock-based compensation expense and
non-cash income tax expense amounts can vary significantly between
companies, it is useful to compare results excluding these amounts.
Management also uses financial statements that exclude stock-based
compensation expense related to stock options and non-cash income
tax amounts for its internal budgets. 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. ININ-G
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