Interactive Intelligence Group
The 10-second takeaway
For the quarter ended March 31 (Q1), Interactive Intelligence Group beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share expanded significantly. GAAP earnings per share increased significantly.
Gross margins dropped, operating margins increased, net margins increased.
Interactive Intelligence Group reported revenue of $73.2 million. The seven analysts polled by S&P Capital IQ anticipated sales of $64.2 million on the same basis. GAAP reported sales were 39% higher than the prior-year quarter's $52.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.17. The six earnings estimates compiled by S&P Capital IQ forecast $0.02 per share. Non-GAAP EPS of $0.17 for Q1 were 89% higher than the prior-year quarter's $0.09 per share. GAAP EPS of $0.07 for Q1 were much higher than the prior-year quarter's $0.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 64.7%, 220 basis points worse than the prior-year quarter. Operating margin was 4.7%, 410 basis points better than the prior-year quarter. Net margin was 2.0%, 160 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $68.3 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $288.3 million. The average EPS estimate is $0.43.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 366 members out of 393 rating the stock outperform, and 27 members rating it underperform. Among 117 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 114 give Interactive Intelligence Group a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Interactive Intelligence Group is outperform, with an average price target of $46.83.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Interactive Intelligence. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.