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. 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.
Also, TMC’s Patrick Barnard has been live blogging the Interactive Intelligence Partner Event from this past weekend. Here are his posts to date:
- Interactive Intelligence to Unveil CIC Version 4.0 at Partner Event
- A Review of Interactive Intelligence’s CaaS Offering
- Contact Center Market Update 2010
Here are recent video interviews with the company: