Interactive Intelligence, Inc. (NASDAQ:ININ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 6.62%.
Interactive Intelligence, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 88.89% to $0.17 in the quarter versus EPS of $0.09 in the year-earlier quarter.
Revenue: Rose 38.72% to $73.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Interactive Intelligence, Inc. reported adjusted EPS income of $0.17 per share. By that measure, the company beat the mean analyst estimate of $0.02. It beat the average revenue estimate of $64.43 million.
Quoting Management: “During the first quarter of 2013, we had solid order growth in all our geographies and booked twice as many orders greater than $250,000 as we did in the first quarter last year,” said Interactive Intelligence founder and CEO, Dr. Donald Brown. “Our year-over-year revenue growth further highlights our ongoing traction with some of the world’s largest global companies as they adopt our technology with on-premises deployments or by joining the move to the cloud. The rapid growth of our cloud-based orders and revenues continued to enhance the scale of our overall recurring revenues. We will continue to make those investments that drive growth in market share, particularly with our cloud-based offering, which remains the highest growth segment of our market.”
Key Stats (on next page)…
Revenue increased 3.77% from $70.54 million in the previous quarter. EPS decreased 39.29% from $0.28 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.12 to a profit $0.07. For the current year, the average estimate has moved down from a profit of $0.58 to a profit of $0.42 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)