Interactive Intelligence Group Inc. (ININ: Quote), a global provider of unified IP business communications solutions, announced preliminary results for its second quarter ended June 30. The company currently expects to report second-quarter total revenues below its prior guidance due, primarily, to a greater than expected level of second quarter product orders.
Interactive Intelligence expects second-quarter net loss in the range of $0.5 million to $1.5 million, or $0.02 to $0.07 per share. The company expects second-quarter adjusted net income in the break-even range of $1.0 million, or from breakeven per share to $0.05 per share.
Interactive Intelligence currently expects second-quarter total revenues in the range of $54.0 million to $55.0 million, up approximately 4 percent to 6 percent year-over-year. This is below the company's guidance of $58.0 million to $61.0 million.
The company noted that the greater than expected level of second quarter product orders will be recognized as revenue in future quarters. More than $7 million in product orders were not recognized as revenue in the second quarter.
Analysts polled by Thomson Reuters expect the company to report second-quarter profit of $0.16 per share on revenue of $59.23 million. Analysts' estimates typically exclude special items.
Interactive Intelligence plans to issue its final second-quarter results on July 31 at 4 p.m. EDT.
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by RTT Staff Writer
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