Interactive Intelligence reports growth in Q2 2011

Q2 2011 revenues increased 34% to $52m over Q2 2010

Tags: FinanceInteractive Intelligence Inc (www.inin.com)
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Interactive Intelligence reports growth in Q2 2011 Interactive Intelligence founder and CEO, Dr Donald E Brown said that the company is performing well in its targeted vertical markets.
By  Georgina Enzer Published  August 2, 2011

Unified IP business communications provider, Interactive Intelligence has reported a 34% increase in Q2 2011 revenues as compared to Q2 2010, with revenues for Q2 2011 at $52.0 million. Product revenues were up 34%, recurring revenues increased by 35% and services revenues increased 30% compared to the same quarter last year.

The company reported operating income on a GAAP basis of $5.5m for the 2011 second quarter, up 18% from $4.7m in the same quarter last year. Non-GAAP operating income was $7.3m for the second quarter of 2011, up 29% from $5.7m in the second quarter of 2010.

"We are executing on our primary strategic initiatives," said Dr Donald E Brown, Interactive Intelligence founder and CEO. "We are moving up-market with more sales to larger customers, rapidly increasing revenues from our cloud-based solutions, successfully expanding our presence internationally, performing well in our targeted vertical markets, and seeing increased interest in our process automation capability. With the soon-to-be-released major enhancement to our flagship Customer Interaction CenterTM product, we are well positioned to continue competing effectively in the second half of the year."

 

Cash and investment balances as of June 30, 2011 increased to $94.4m. The company has no debt.

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