Interactive Intelligence Group Inc (ININ) reported quarterly earnings results on Monday, Aug-1-2016. The company said it had a profit of $-0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $-0.17. The company posted revenue of $108.80 million in the period, compared to analysts expectations of $103.33 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.
Many Wall Street Analysts have commented on Interactive Intelligence Group Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 39 from a previous price target of $36 .
Interactive Intelligence Group Inc opened for trading at $44.42 and hit $54.81 on the upside on Friday, eventually ending the session at $53.95, with a gain of 21.26% or 9.46 points. The heightened volatility saw the trading volume jump to 9,24,320 shares. Company has a market cap of $1,191 M.
In a different news, on May 24, 2016, Edward Hamburg (director) sold 4,000 shares at $0.00 per share price. According to the SEC, on Mar 3, 2016, Jeff M. Platon (Chief Marketing Officer) sold 880 shares at $31.54 per share price. On Dec 16, 2015, Gary R Blough (Chief International Officer) sold 23,483 shares at $31.10 per share price, according to the Form-4 filing with the securities and exchange commission.
Interactive Intelligence Group Inc. is a provider of software and services for collaboration communications and customer engagement. The Company’s primary offering is its Customer Interaction Center (CIC) product suite a multichannel communications platform that can be deployed on-premises or through the cloud as Communications as a Service (CaaS). The Company is engaged in the contact center market where its software applications provide pre-integrated inbound and outbound communications functionality. The Company utilizes this same communications platform to provide solutions for unified communications workforce optimization and business process automation. Its solutions are applicable in various industries including tele-services insurance banking accounts receivable management utilities healthcare retail technology government and business services.