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It has spent much of the past six months at a less-than-perfect four-star rank, but enough top-performing CAPS members have turned bullish on Interactive Intelligence (NASDAQ:ININ) recently to upgrade it to five stars. A total of 408 members have given their opinion on the business communications firm, with many of them offering analysis and commentary explaining the recent optimism.
Investors have taken notice of Interactive Intelligence's ability to grow despite the recession, and many CAPS members believe the firm is a good bet in the tech sector. The company has a long list of big-name customers, including Microsoft (NASDAQ:MSFT) and Motorola (NYSE:MOT), and a network of resellers like IBM (NYSE:IBM) and AT&T (NYSE:T) that license its products. After reporting a strong third quarter with growing product and services revenue, the company followed up with a solid fourth quarter, where revenue in the quarter grew by 15% over last year, and full-year revenue for 2009 reached a record level.
During a year when many companies slashed their spending and put off investing in and upgrading their systems, Interactive Intelligence doubled the number of $1 million-plus orders over 2008. Tech giants like Oracle (NASDAQ:ORCL) and Intel (NASDAQ:INTC) posted solid results in their most recent quarters, and many investors think that's a good sign from Interactive Intelligence moving into this year.
Interactive Intelligence expects further revenue and earnings growth in 2010 as it gains traction in what it sees as an improving market environment. With insiders heavily invested in the company and a debt-free balance sheet stacked with cash, CAPS members like the company's chances.
Do you think Interactive Intelligence deserves its five-star status? Add your thoughts in the comments box below on this page, or head over to CAPS to rate the company and check out all the information and opinions the community offers, absolutely free.
