IN SHORT: The latest from Interactive Intelligence, Seagate, and Kaseya

IN SHORT: The latest from Interactive Intelligence, Seagate, and Kaseya

News on financial reports and awards

Interactive Intelligence releases Q4 and full year 2011 financial reports

Unified IP business communications solutions provider, Interactive Intelligence has reported Q4 2011 financial results.

Q4 2011 financial highlights include:

  • Orders: Total increased 17 per cent year-over-year, and there was a 29 per cent increase in customers over 2010. Cloud-based orders grew 500 per cent year-over year, with 12 new customers, up from eight in 2010 Q4.
  • Revenue: Total amounted to US$57.7 million, with non-GAAP revenue of $58 million, a 14 per cent year-over-year increase. Recurring revenues increased 23 per cent.
  • Operating income: GAAP operating income was US$6.5 million. Non-GAAP operating income was $8.7 million.
  • Net income: GAAP net income was $4.6 million based on a 30 per cent effective tax rate, and includes an adjustment of the full year effective tax rate down to 33.4 per cent. GAAP diluted earnings per share (EPS) was $0.23 based on 19.9 million weighted average diluted shares outstanding.

Interactive Intelligence founder and CEO, Dr. Donald Brown, said, “Market demand was strong and we executed well during the fourth quarter, a combination that provided a strong finish to a year with record revenues.”

Seagate Q2 2011 financial results

Hard disk drive and storage solutions provider, Seagate Technology reported revenue of US$3.2 billion for fiscal Q2 2011, ending on December 30, 2011.

The company, which shipped 47 million disc drives in the quarter, also announced a gross margin of 31.6 per cent net income of US$563 million and diluted earnings per share of $1.28.

On a non-GAAP basis, which excludes the net impact of certain items, it reported a net income of US$581 million and diluted earnings per share of $1.32 for the same quarter.

Additionally, Seagate announced, on December 19, 2011, the closing of the acquisition of the hard disc drive business of Samsung Electronics.

Amortisation of acquisition-related intangibles of $5 million is included in the GAAP basis net income for the fiscal Q2 and six months ended December 30, 2011.

The company expects such amortisation to amount to approximately $35 million in the third fiscal quarter.

Kaseya lands in Gartner’s ‘Visionaries’ quadrant

Automated IT systems management software provider, Kaseya, has been positioned in the ‘Visionaries’ quadrant of Gartner’s report: Magic Quadrant for Client Management Tools, January 21, 2012.

Gartner evaluated vendors based on completeness of vision and ability to execute in the IT systems management market.

Kaseya is a robust, high-performance, single pane of glass solution for automatic recurring IT tasks while providing visibility across all IT operations. With the solution, IT professionals can offer extended service capabilities with optimum service delivery.

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