Interactive Intelligence Results Top Estimate; Stock Up 9%

(RTTNews) - Interactive Intelligence Group Inc (ININ) Monday reported third-quarter net loss of $2 million or $0.10 per share compared with a profit of $1.6 million or $0.08 per share last year.

Excluding items, adjusted earnings for the quarter were $0.01 per share compared with $0.20 per share a year ago.

Revenues for the quarter were $89.5 million compared with $78 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.19 per share on revenues of $84 million for the quarter. Analysts' estimates typically exclude special items.

"This quarter showed further evidence of our success in generating more revenue from our cloud-based services," said Donald Brown, Interactive CEO. "Orders for our cloud solutions not only doubled from the same quarter last year, but moved from less than half to over two-thirds of our total orders received. This growth and shift to the cloud occurred across all of our major geographic markets, and was more prominent among sales to new customers compared to existing follow-on sales."

Interactive Intelligence, based in Indianapolis, Indiana, provides contact center, unified communications, and business process automation services.