Interactive Intelligence Group Inc. (Nasdaq: ININ), a global provider of
unified IP business communications solutions, has announced financial
results for the fourth quarter and full year ended Dec. 31, 2012.
"Our strong performance during the fourth quarter led to a record year
for orders and revenues," said Interactive Intelligence founder and CEO,
Dr. Donald Brown. "In 2012, we have further extended our product
leadership position and gained even more momentum in cloud-based
offerings, which is the fastest growing segment of the contact center
market. The number of our new cloud-based customers reached record
levels in the fourth quarter and the total dollar amount of contracts
continues growing at a rate significantly higher than the overall market.
"While continuing to add some of the most recognized global companies as
customers, we remain committed to maintaining our pace of innovation,
with several new products scheduled for release this year," continued
Brown. "Looking forward, given our strong global pipeline of
opportunities, we are reaffirming our 2013 total order growth forecast
of 20 percent and expect cloud-based orders to represent approximately
50 percent of total 2013 orders. We remain focused on innovation,
product leadership and cloud-based growth and are confident in our
long-term financial profile, which will be driven by growth in recurring
Fourth Quarter 2012 Financial Highlights:
Full Year 2012 Financial Highlights:
* A reconciliation of GAAP to non-GAAP financial measures has been
provided in the financial statement tables included with this press
release. An explanation of these measures is also included below under
the heading "Non-GAAP Measures."
Additional Fourth-Quarter 2012 and Recent
Interactive Intelligence will host a conference call today at 4:30 p.m.
Eastern time (EST) featuring Dr. Brown and the company's CFO, Stephen R.
Head. A live Q&A session will follow opening remarks.
To access the teleconference, please dial 1 877.324.1969 at least five
minutes prior to the start of the call. Ask for the teleconference by
the following name: "Interactive Intelligence fourth-quarter earnings
call." The teleconference will also be broadcast live on the company's
investor relations' page at http://investors.inin.com.
An archive of the teleconference will be posted following the call.
About Interactive Intelligence
Interactive Intelligence Group Inc. (Nasdaq: ININ) is a global provider
of contact center, unified communications, and business process
automation software and services. The company's unified IP business
communications solutions, which can be deployed on-premise or via the
cloud, are ideal for industries such as financial services, insurance,
outsourcers, collections, and utilities. Interactive Intelligence was
founded in 1994 and has more than 5,000 customers worldwide. The company
is among Forbes Magazine's 2011 Best Small Companies in America and
Software Magazine's 2012 Top 500 Global Software and Service Providers.
It employs approximately 1,400 people and is headquartered in
Indianapolis, Indiana. The company has offices throughout North America,
Latin America, Europe, Middle East, Africa and Asia Pacific. Interactive
Intelligence can be reached at +1 317.872.3000 or email@example.com;
on the Net: www.inin.com.
The non-GAAP measures shown in this release include revenue which was
not recognized on a GAAP basis due to purchase accounting adjustments
and exclude non-cash stock-based compensation expense, the amortization
of certain intangible assets related to acquisitions by the company and
non-cash income tax expense. Reconciliations of these non-GAAP measures
to the most directly comparable GAAP measures are included with the
financial information included in this press release. These measures are
not in accordance with, or an alternative for, GAAP and may be different
from non-GAAP measures used by other companies. Stock-based compensation
expense and amortization of intangibles related to acquisitions are
non-cash and certain amounts of income tax expense are non-cash.
Management believes that the presentation of non-GAAP results, when
shown in conjunction with corresponding GAAP measures, provides useful
information to management and investors regarding financial and business
trends related to the company's results of operations. Further,
management believes that these non-GAAP measures improve management's
and investors' ability to compare the company's financial performance
with other companies in the technology industry. Because stock-based
compensation expense, non-cash income tax expense amounts and
amortization of intangibles related to acquisitions can vary
significantly between companies, it is useful to compare results
excluding these amounts. Management also uses financial statements that
exclude stock-based compensation expense related to stock options,
non-cash income tax amounts and amortization of intangibles related to
acquisitions for its internal budgets.
Forward Looking Statements
This release may contain certain forward-looking statements that involve
a number of risks and uncertainties. Among the factors that could cause
actual results to differ materially are the following: rapid
technological changes in the industry; the company's ability to maintain
profitability; to manage successfully its growth; to manage successfully
its increasingly complex third-party relationships resulting from the
software and hardware components being licensed or sold with its
solutions; to maintain successful relationships with certain suppliers
which may be impacted by the competition in the technology industry; to
maintain successful relationships with its current and any new partners;
to maintain and improve its current products; to develop new products;
to protect its proprietary rights adequately; to successfully integrate
acquired businesses; and other factors described in the company's SEC
filings, including the company's latest annual report on Form 10-K.
Interactive Intelligence is the owner of the marks INTERACTIVE
INTELLIGENCE, its associated LOGO and numerous other marks. All other
trademarks mentioned in this document are the property of their
Interactive Intelligence Group, Inc.
Reconciliation of Supplemental Financial Information
(in thousands, except per share amounts)
Adjustments to reconcile net income to net cash provided by
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