Interactive Intelligence Announces Preliminary 2009 Second Quarter Results
July 13 2009 - 4:57PM
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, 2009.
The company expects to report total revenues between $32.0
million and $34.0 million, net income on a non-GAAP* basis between
$4.0 million and $4.7 million, and diluted earnings per share (EPS)
on a non-GAAP basis between $0.22 and $0.26. The company expects to
report GAAP net income between $1.8 million and $2.5 million and
EPS between $0.10 and $0.14.
These preliminary results include gains from foreign currency of
approximately $500,000. Non-GAAP net income and EPS differ from
GAAP net income and EPS due to stock-based compensation expense of
approximately $725,000, or EPS of $0.04, and non-cash income tax
expense of approximately $1.5 million, or EPS of $0.08.
�We saw growth in the quarter in both product and services
revenues,� said Interactive Intelligence founder and CEO, Dr.
Donald E. Brown. �We received three orders over $1 million,
including two from new customers, and another nine orders over
$250,000 each. We were pleased to see such customer demand in an
environment that continues to be very competitive and filled with
economic uncertainty.�
The company has not completed preparation of its financial
statements for the quarter ended June 30, 2009. These preliminary
results may be subject to adjustments and could change
materially.
Interactive Intelligence plans to release final second quarter
financial results July 30 at 4:00 p.m. EDT and will host a
conference call July 30 at 4:30 p.m. EDT, featuring the company�s
president and CEO, Dr. Donald E. Brown, and its CFO, Stephen R.
Head. A live Q&A session will follow opening remarks.
To access the teleconference, please dial 1.877.545.1490 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 business process
automation. 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 Network World�s top 200 North American networking
vendors, is a Business Week �hot growth 50� company, and is among
Fortune Small Business magazine�s top 100 fastest growing
companies. The company is also positioned in the leaders� quadrant
of the Gartner 2008 Contact Center Infrastructure, Worldwide Magic
Quadrant report. 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. Stock-based compensation expense
is non-cash and income tax expense is primarily non-cash.
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 other companies in the technology
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.
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; the company's ability
to maintain profitability; to manage successfully its growth and
increasingly complex third-party relationships; to maintain
successful relationships with its current and any new partners; to
maintain and improve its current products; to develop new products;
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.
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.
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