GEC NEWS WIRECloud-based revenues in Q4 increase 78 percent from 2013 fourth quarter
Donald E. Brown, Interactive Intelligence founder and CEO says the fourth quarter that ended on Dec. 31, 2014 was a strong end to a pivotal year for the company. “While continuing to gain market share due to the robust demand for our cloud offerings, we effectively prepared to deliver our new multitenant PureCloud services in 2015. We took major steps toward our goal of becoming the leading provider of technology to optimize the customer experience, whether deployed on-premises or in the cloud, at companies of any size anywhere in the world. More major steps will be taken in the coming year, as we expect strong cloud-based revenue growth along with improved operational efficiencies”.
Total orders increased 22 percent from the fourth quarter of 2013, with cloud-based orders up 42 percent to represent 55 percent of total orders. Total revenues were $92.6 million, up 2 percent from the 2013 fourth quarter. GAAP operating income was $2.0 million, compared to $6.5 million in the 2013 fourth quarter. The company generated $1.3 million from operating activities in the fourth quarter and used $4.3 million for capital expenditures, including the continued expansion of its cloud infrastructure, and capitalized $7.3 million for PureCloud development cost.
For the full year 2014, total orders increased by 11 percent from 2013 and cloud-based orders were up 29 percent year-over-year. Cloud-based orders represented 59 percent of total orders during the full year of 2014. Total revenues were $341.3 million, an increase of 7 percent over 2013. Cloud-based revenues increased 77 percent to $60.5 million.
