October 12, 2010 / 3:36 PM / 7 years ago

UPDATE 1-Interactive Intelligence sees strong Q3, shares soar

* Sees strong cloud computing business, larger orders

* Sees Q3 rev $41-42 mln vs est $37.9 mln

* Sees Q3 EPS $0.35-$0.39 vs est $0.23

* Sees FY rev up 20 pct

* Shares up 15 pct

Oct 12 (Reuters) - Internet telephony provider Interactive Intelligence ININ.O expects quarterly results to beat market estimates on strong demand for its cloud-based products as well as larger orders, sending its shares up 15 percent.

The call center software provider expects to post the highest quarterly revenue in at least five years.

For the July-September quarter, the company received nine orders above $1 million, including two of about $2 million each, and 16 orders of more than $250,000 each.

The company, scheduled to announce results on November 1, expects to earn net income of $3.3-$3.8 million. Excluding items, it expects to earn 35-39 cents a share on revenue of $41-$42 million.

Analysts on average expect a profit of 23 cents a share on $37.9 million revenue, according to Thomson Reuters I/B/E/S.

The company expects 2010 revenue to grow 20 percent, higher than the 8 percent growth last year.

Shares of the company, which touched their year-high of $24 last October after it announced better-than-expected preliminary third-quarter results, were up 21 percent at $21.94 Tuesday morning on Nasdaq. (Reporting by Himank Sharma in Bangalore; Editing by Don Sebastian)

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