Indianapolis-based Interactive Intelligence Group Inc. (Nasdaq: ININ) is reporting a first quarter net loss of $13.3 million, compared to a loss of $3.6 million during the same period the previous year. Despite the dip, Chief Executive Officer Donald Brown says sales of the company’s PureCloud services exceeded expectations.
The first quarter loss is more than half of Interactive Intelligence’s loss for all of 2015. The company reported a net loss of $21.8 million last year.
"Although results from our on-premises solution came in as expected, more of these contracts came from our partner channel in this and the previous quarter," said Brown. "This impacted our professional services revenues and the difference went to our bottom line. The business still efficiently generated cash in the quarter, with operating cash flow of $11.2 million."
You can view the company’s full first quarter earnings report by clicking here.