Interactive Intelligence, a global developer of business communications solutions, reported record results for the quarter and nine-month period ended 30 September 2007.
For the third quarter, revenues in 2007 were a record $28.7-million, up 29% over revenues of $22.2-million in 2006.
Operating income for the third quarter increased 23% to $2.1-million in 2007 from $1.70million in 2006, which included stock-based compensation expense of $812 000 in 2007 and $451,000 in 2006.
For the third quarter, non-GAAP (generally accepted accounting principles) net income was $3.3 million in 2007, or EPS of $0.17, compared to non-GAAP net income of $2.2-million in 2006, or EPS of $0.12. The non-GAAP differences were due to exclusion of the non-cash income tax benefit recorded in the third quarter of 2006 and stock-based compensation expense recorded in both years.
“We are seeing growth in all major geographies,” says Interactive Intelligence founder and CEO, Dr Donald Brown. “During the quarter we experienced strength in large contact center sales, as well as a rise in the licensing of our foundational voice over IP products, such as our gateways and media servers. These higher revenues are driving steady increases in profitability while we continue to invest in the development of new technology.”
For the nine months ended Sept. 30, revenues in 2007 were a record $79.9-million, up 35% over revenues of $59.4-million in 2006. Operating income for the nine months ended Sept. 30 increased 48% to $5.4 million in 2007 from $3.7-million in 2006, which included stock-based compensation expense of $2.3-million in 2007 and $1.6-million in 2006. EPS for the nine months ended Sept. 30 were $0.33 in 2007. EPS for the same period in 2006 were $0.48, including the non-cash income tax benefit of $5-million.
Cash and short-term investments as of 30 September 2007 totaled $34.4-million, up from $27.1-million on 31 December 2006. Cash flow from operations for the first nine months of 2007 was $9.8-million, compared to $6.6-million for the first nine months of 2006.
Gartner has positioned Interactive Intelligence in the leaders’ quadrant of its recently published Contact Center Infrastructure report.
The company also jumped to rank number 209 among Software Magazine’s 500 largest global software and services suppliers.
Interactive Intelligence was also added earlier this year to the Russell 2000 Index, a listing of US stocks from industry-leading small-cap companies.