Revenue Update on Interactive Intelligence Group Inc(NASDAQ:ININ)

Interactive Intelligence Group Inc(NASDAQ:ININ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $108.79M. Analysts estimated a revenue of $103.20M. Earnings per share were $-0.06. Analysts had estimated an EPS of $-0.17.

Interactive Intelligence Group Inc (ININ) made into the market gainers list on Mondays trading session with the shares advancing 0.78% or 0.45 points. Due to strong positive momentum, the stock ended at $58.05, which is also near the day’s high of $58.38. The stock began the session at $57.38 and the volume stood at 2,08,434 shares. The 52-week high of the shares is $58.5 and the 52 week low is $21.42. The company has a current market capitalization of $1,282 M and it has 2,20,79,013 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 24, 2016, Edward Hamburg (director) sold 4,000 shares at $0.00 per share price.Also, 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.

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