Interactive Intelligence reports Q1 2011 earnings
Company sees 36% revenue increase as compared to Q1 2010
Unified IP business communication solution provider, Interactive Intelligence, has seen a revenue increase of 36% in the first quarter of 2011 as compared to Q1 2010.
The company reported revenues of $47.7m for Q1 2011 compared to revenues of $35.0m in the first quarter of 2010.
According to Interactive Intelligence, product revenues increased by 32%, recurring revenues by 30%, and services revenues by 88% compared to the 2010 first quarter.
"We again saw strong year-over-year order increases across all major geographies and product groups," said Interactive Intelligence founder and CEO, Dr Donald E Brown. "Total orders were up 55% over the first quarter of 2010, which included a near tripling in cloud-based contracts year-over-year. We're executing well on our sales and marketing plans and are benefiting from an increase in new opportunities as a result of our relationships with key strategic partners."
The company has also announced that it will be holding a vote, during the annual 2011 shareholder meeting, to reorganise the company as a holding company incorporated in Indiana.