Interactive Intelligence Announces Preliminary 2010 Third-Quarter Results
October 12 2010 - 8:44AM
Business Wire
Interactive Intelligence (Nasdaq: ININ), a global provider of
unified IP business communications solutions, has announced
preliminary results for its third quarter ended Sept. 30, 2010.
The company expects to report total revenues of between $41.0
million and $42.0 million, with net income on a GAAP basis of
between $3.3 million and $3.8 million, and diluted earnings per
share (EPS) on a GAAP basis of $0.18 to $0.20. Net income on a
non-GAAP* basis is expected to be between $6.5 million and $7.3
million, with EPS of $0.35 to $0.39. Non-GAAP net income and EPS
exclude stock-based compensation expense of approximately $1.0
million, or EPS of $0.06, and non-cash income tax expense of
approximately $2.1 million to $2.4 million, or EPS of $0.11 to
$0.13.
In the third quarter of 2009, the company reported revenues of
$33.2 million, with GAAP net income and EPS of $2.8 million and
$0.15, respectively, and non-GAAP net income and EPS of $5.7
million and $0.31, respectively. The 2009 third-quarter non-GAAP
net income and EPS excluded stock-based compensation expense of
$975,000, or EPS of $0.05, and non-cash income tax expense of $1.9
million, or EPS of $0.11.
Cash and investment balances as of Sept. 30, 2010 are expected
to be about $85.5 million.
“We’re achieving better operating leverage from revenue growth
driven by an increasing number of large transactions,” said
Interactive Intelligence founder and CEO, Dr. Donald E. Brown. “We
continue to execute on our strategy of moving up market, with nine
orders over $1 million, including two of about $2 million each, and
an additional 16 orders greater than $250,000 in the quarter. This
growth is coming from both new and current premise-based customers,
and from continued strong demand for our cloud-based communications
offering. We currently anticipate annual revenue growth for 2010 of
approximately 20 percent.”
The company has not completed preparation of its financial
statements for the quarter ended Sept. 30, 2010. These preliminary
results may be subject to adjustments and could change
materially.
Interactive Intelligence plans to issue a press release
announcing its final 2010 third-quarter results Nov. 1 at 4 p.m.
Eastern daylight time. It will host a conference call Nov. 1 at
4:30 p.m. EDT, featuring Dr. Brown and the company’s CFO, Stephen
R. Head. A live Q&A session will follow opening remarks.
To access the teleconference, please dial 1.877.324.1969 at
least five minutes prior to the start of the call. Ask for the
teleconference by the following name: "Interactive Intelligence
third-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 3,500
customers worldwide. Interactive Intelligence is among Software
Magazine’s top 500 global software and services suppliers, is a
BusinessWeek “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 Magic
Quadrant for Contact Center Infrastructure, Worldwide report (Feb.
22, 2010). Interactive Intelligence employs approximately 800
people and is headquartered in Indianapolis, Indiana. It has 16
offices throughout North America, Latin 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; to
manage successfully its increasingly complex third-party
relationships resulting from the software and hardware components
being licensed or sold with its solutions; to maintain successful
relationships with certain suppliers which may be impacted by the
competition in the technology industry; 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; to successfully
integrate acquired businesses; 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.
ININ-G
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