There are a few things I wish for regarding earnings in the tech space.
- I wish I had time to give my thoughts on every announcement
- I wish they were all as good as what Interactive Intelligence just accomplished
In short the company just released
preliminary third-quarter numbers and said they had nine orders over $1 million with two of them being larger than $2M. I am not sure how this compares with past quarters but regardless, these are significant customer sizes in an era of price compression.
The company says its cloud offering is doing well and you may recall company CMO Joe Staples spent some time recently
(video) in the TMC Newsroom giving me details of the launch.
ININ expects total revenue to be between $41-$42 million with GAAP net income between $3.3-$3.9M. Last year the number was $2.8M meaning an increase of at least 17% over last year's sales.
According to founder and CEO Dr. Don Brown, the size of the deals gives the company increased operating leverage and revenue growth.
ININ CMO Joe Staples addresses a standing-room-only crowd last week at the first ever TMC Social CRM Expo
Here are additional details regarding the company's earnings:
Interactive Intelligence plans to issue a press release announcing its final 2010 third-quarter results Nov. 1 at 4 p.m. Eastern daylight time.