Interactive Intelligence (NASDAQ:ININ) Jumps On Strong Q3 Preliminary Results

Interactive Intelligence (NASDAQ:ININ) today updated its shareholders about their upcoming third quarter results which is scheduled to be out on Nov. 01.

The company said that it is expecting its total sales to be between $41.0 million and $42.0 million in the latest quarter. The company also sees its GAAP net income to be in the range of $3.3 million and $3.8 million, and diluted earnings per share (EPS) on a GAAP basis of $0.18 to $0.20.

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While on Non-GAAP basis, net income is estimated between $0.35 to $0.39 a share.

In the third quarter of 2009, the company had GAAP net income of $2.8m and EPS of 15 cents.

An an analysts are estimating the company to report earnings of $0.24 a share on revenue of $38.0 million.

For the Fiscal year 2009, the company revenue to grow 20%, which will make its revenue to $157.68 million, compared to analysts estimates of $151.8 million for fiscal 2010.

Shares of ININ are up 20.32% and now trading at $21.89 on heavy volume of 699K shares – over 10X its average volume. Over the past one year, the stock has jumped over 15%. The stock has recovered about 60% from its 52-week low of $13.77 made in August 2010.

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Interactive Intelligence, Inc. (Interactive Intelligence) is a provider of software application suites for voice over Internet protocol (VoIP) business communications. Businesses and organizations, including those that employ remote and mobile workers, utilize the Company’s solutions in industries, including, but not limited to, teleservices, financial services (banks, credit unions, accounts receivable management), insurance, higher education, healthcare, retail, technology.

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