Interactive Intelligence (ININ) Misses Q1 EPS by 7c

Interactive Intelligence (NASDAQ: ININ) reported Q1 EPS of ($0.18), $0.07 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $99.3 million versus the consensus estimate of $101.64 million.

“PureCloud® sales exceeded our expectations this quarter,” said Dr. Donald Brown, Interactive Intelligence founder and CEO. “We went from 24 PureCloud® customers at the end of last year, to 142 by the close of the first quarter, and we’re still in the very early stages of selling it worldwide. We’re excited to see both large and small customers embrace the speed to value delivered through PureCloud®, which offers a compelling feature-set delivered through a flexible, monthly licensing model enabling rapid configuration and deployment.”

Brown added, “Our indirect channel rapidly adopted PureCloud®, as partners drove almost 25% of the PureCloud® deals in the quarter, and our strategy to simplify our licensing model through monthly contracts was leveraged by the vast majority of our new customers. Overall, we participated in more deals than ever in our history and added a record 163 new customers across all three of our product lines in the quarter.

“Although results from our on-premises solution came in as expected, more of these contracts came from our partner channel in this and the previous quarter,” Brown continued. “This impacted our professional services revenues and the difference went to our bottom line. The business still efficiently generated cash in the quarter, with operating cash flow of $11.2 million.”

Brown concluded, “We are focused on becoming the leader in the customer engagement market, and our strategy is based on providing industry-leading solutions for organizations anywhere, of any size, and implemented in any way, whether in the cloud or on-premises. We plan to gain market share by addressing the fastest growing segment of the market with PureCloud®, while giving no ground to competitors in traditional segments with our robust CIC and CaaS℠ offerings.”

For earnings history and earnings-related data on Interactive Intelligence (ININ) click here.

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