inContact (SAAS) Announces Preliminary Q4 Sales Inline
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inContact, Inc. (NASDAQ: SAAS) today reported preliminary financial results for the fourth quarter ended December 31, 2011.
Based on currently available information, the Company expects to report fourth quarter revenue in excess of $23.5 million versus $20.3 million for the same period in 2010. The street is forecasting $23.05 million. Software segment revenue is expected to be in excess of $11 million for the quarter ended December 31, 2011, achieving the 25% to 30% Q4 growth rate guidance given at the beginning of the year. Telecom segment revenue is expected to be in excess of $12.5 million, an increase of approximately 8% from Q4 2010.
Said Paul Jarman, inContact CEO, “We are pleased to deliver on our Q4 2011 revenue growth rate objective and to report a strong finish to a pivotal year for the Company. This fourth quarter revenue was achieved without any contribution from our recently announced reseller relationships with Siemens Enterprise Communications and Verizon. Siemens has a minimum revenue commit beginning in the first quarter and has guaranteed $5 million of revenue in fiscal 2012.
“In addition to record Q4 software revenues, the estimated annual contract value of deals closed in the quarter is approximately 40% higher than the estimated value of our solid Q4 2010 bookings and represents the strongest software bookings in the Company’s history.”
The anticipated results in this press release are based on management’s preliminary analysis of revenue for the quarter ending December 31, 2011. The Company will release and discuss its fourth quarter and fiscal year 2011 financial results on Wednesday, February 29, 2012 at 4:30 p.m. Eastern time.
Based on currently available information, the Company expects to report fourth quarter revenue in excess of $23.5 million versus $20.3 million for the same period in 2010. The street is forecasting $23.05 million. Software segment revenue is expected to be in excess of $11 million for the quarter ended December 31, 2011, achieving the 25% to 30% Q4 growth rate guidance given at the beginning of the year. Telecom segment revenue is expected to be in excess of $12.5 million, an increase of approximately 8% from Q4 2010.
Said Paul Jarman, inContact CEO, “We are pleased to deliver on our Q4 2011 revenue growth rate objective and to report a strong finish to a pivotal year for the Company. This fourth quarter revenue was achieved without any contribution from our recently announced reseller relationships with Siemens Enterprise Communications and Verizon. Siemens has a minimum revenue commit beginning in the first quarter and has guaranteed $5 million of revenue in fiscal 2012.
“In addition to record Q4 software revenues, the estimated annual contract value of deals closed in the quarter is approximately 40% higher than the estimated value of our solid Q4 2010 bookings and represents the strongest software bookings in the Company’s history.”
The anticipated results in this press release are based on management’s preliminary analysis of revenue for the quarter ending December 31, 2011. The Company will release and discuss its fourth quarter and fiscal year 2011 financial results on Wednesday, February 29, 2012 at 4:30 p.m. Eastern time.
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