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Interactive Intelligence Reports 2009 Second Quarter Operating Results

Revenues increase to US$32.9 million; cash and investments increase to US$54.1 million
  • 31 July, 2009 13:18

<p>Sydney, 31 July, 2009 -- Interactive Intelligence (Nasdaq: ININ), a global provider of unified IP business communications solutions, has announced operating results for the three and six months ended June 30, 2009.</p>
<p>The company reported revenues of US$32.9 million for the second quarter of 2009, an increase of 7.5 percent over revenues of US$30.6 million for the second quarter of 2008.</p>
<p>“As previously announced, we received several significant orders in the quarter, including three exceeding US$1 million,” said Interactive Intelligence chairman and CEO, Dr. Donald E. Brown. “At the same time, we had continued year-over-year growth in services revenues driven by increasing maintenance and support fees resulting in record total revenues.”</p>
<p>Second quarter 2009 results included:</p>
<p>· Operating income on a generally accepted accounting principles (GAAP) basis of US$3.0 million, up from US$1.3 million in the second quarter of 2008;</p>
<p>· Non-GAAP operating income of US$3.7 million, compared to US$2.2 million in the same quarter last year;</p>
<p>· Gross margins of 67.9 percent, compared to 67.3 percent in the second quarter of 2008;</p>
<p>· GAAP net income of US$2.1 million, or diluted earnings per share (EPS) of US$0.12, up from US$845,000, or EPS of US$0.04, in the second quarter of 2008;</p>
<p>· Non-GAAP net income of US$4.4 million, or EPS of US$0.24, compared to US$2.4 million, or EPS of US$0.13, for the same quarter last year; and</p>
<p>· Cash and investment balances at quarter-end of US$54.1 million with no debt.</p>
<p>Non-GAAP net income and EPS exclude charges for stock-based compensation of US$725,000, or EPS of US$0.04, and non-cash income tax expense of US$1.5 million, or EPS of US$0.08, for the second quarter of 2009, and charges for stock-based compensation expense of US$944,000, or EPS of US$0.05, and non-cash income tax expense of US$656,000, or EPS of US$0.04, for the second quarter of 2008.</p>
<p>“We continue to focus on new product development and expanding our existing offerings,” Dr. Brown said. “These activities include our acquisition in May 2009 of insurance content management solutions company AcroSoft, and the expected launch of our communications-based process automation solution later this year. We believe these initiatives will help drive more value to our existing customers and prospects, and generate additional revenues in 2010.”</p>
<p>First half 2009 results included:</p>
<p>· Total revenues of US$62.4 million, a 3.8 percent increase over revenues of US$60.1 million for the first half of 2008;</p>
<p>· GAAP operating income of US$5.4 million, up from US$2.7 million in the first half of 2008;</p>
<p>· Non-GAAP operating income of US$7.0 million, compared to US$4.5 million in the first half of 2008;</p>
<p>· Gross margins of 68.6 percent, compared to 68.3 percent for the first half of 2008;</p>
<p>· GAAP net income of US$3.3 million, or EPS of US$0.19, compared to US$2.0 million, or EPS of US$0.10, for the first half of 2008;</p>
<p>· Non-GAAP net income of US$7.2 million, or EPS of US$0.41, compared to US$5.3 million, or EPS of US$0.28, for the same period last year.</p>
<p>Non-GAAP net income and EPS exclude charges for stock-based compensation of US$1.6 million, or EPS of US$0.09, and non-cash income tax expense of US$2.3 million, or EPS of US$0.13, for the first six months of 2009, and charges for stock-based compensation expense of US$1.9 million, or EPS of US$0.10, and non-cash income tax expense of US$1.5 million, or EPS of US$0.08, for the first six months of 2008.</p>
<p>Second quarter 2009 operating results also included:</p>
<p>· A drop in interest income to US$73,000, compared to US$344,000 in the second quarter of 2008, due to lower yields on investments;</p>
<p>· Other income, principally related to foreign exchange gains, of US$649,000, compared to a loss of US$90,000 in the second quarter of 2008; and</p>
<p>· Cash flows from operations of US$4.9 million, up from US$1.4 million in the second quarter of 2008.</p>
<p>Non-financial highlights from the second quarter of 2009 included:</p>
<p>· Interactive Intelligence acquired insurance content management solutions company AcroSoft to strengthen its insurance offering and incorporate document management capabilities into its all-in-one IP communications software suite;</p>
<p>· Interactive Intelligence announced its communications-based process automation product, Interaction Process Automation™ (IPA);</p>
<p>· Interactive Intelligence signed national reseller, Ronco Communications &amp; Electronics;</p>
<p>· Interactive Intelligence was named among the Indiana Chamber of Commerce’s 2009 "Best Places to Work"; and</p>
<p>· Interactive Intelligence received the 2009 “Unified Communications TMC Labs Innovation Award” recognising the company’s IPA product.</p>
<p>About Interactive Intelligence</p>
<p>Interactive Intelligence Inc. (Nasdaq: ININ) is a global provider of unified business communications solutions for contact centre automation, enterprise IP telephony, and enterprise messaging. 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 NetworkWorld's top 200 North American networking vendors, 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 2008 Contact Centre 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 +61 2 8918 4800 or info_aunz@inin.com; on the Net: http://www.inin.com/au-nz</p>

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