Interactive Intelligence Group Q3 Adj. Profit Beats Estimate

(RTTNews) - Interactive Intelligence Group Inc. (ININ) Tuesday reported third-quarter net income of $1.6 million or $0.08 per share, compared to a net loss of $445 million or $0.02 per share last year.

Adjusted net income for the quarter was $4.1 million or $0.20 per share compared to $1.9 million or $0.10 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to earn $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $77.97 million, an increase of 39 percent from $59.27 million last year, while total non-GAAP revenues were $78.01 million, compared with $59.42 million in the year-ago period. Analysts estimated revenues of $73.22 million for the quarter.