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January 09, 2008

Intervoice Announces Results for the Third Quarter of Fiscal 2008

By Anshu Shrivastava, TMCnet Contributing Editor


 
Intervoice (News - Alert), Inc. has reported revenues of $52.9 million for its third fiscal quarter that ended on November 30, 2007.
 
The latest reported revenues are up from revenues of $48.7 million posted in the prior quarter, and also up from $52.8 million recorded in the third quarter of the prior year. In the prior quarter, the company’s third quarter fiscal 2008 GAAP net income of $2.9 million, or $0.07 per diluted share, was up from $1.4 million, or $0.04 per diluted share, and up from a $0.1 million net loss, or $0.00 per diluted share, in the third quarter of the prior year.
 
“I am pleased that our strategic investments in new products and services are driving growth and profitability,” Bob Ritchey, president and CEO at Intervoice, said in a statement.
 
Ritchey believes that his company’s long-term outlook is very favorable, and he added, “I currently believe that revenues for the fourth quarter of fiscal 2008 will be in the $51 million to $56 million range.”
 
He is also hoping that the expected fourth quarter bookings will drive growth in the solutions backlog.
 
The company’s solutions backlog of $55.9 million at November 30, 2007 was down 13 percent from $64.5 million at the end of the second quarter of fiscal 2008, and up 21 percent from $46.3 million at the end of the third quarter of the prior year.
 
On a non-GAAP basis, the company has reported third quarter fiscal 2008 income of $4.1 million, up from $3.8 million in the prior quarter, and up from $2.6 million, in the third quarter of the prior year.
 
In addition, also on a non-GAAP basis, operating income for the quarter was $5.8 million, up from $5.6 million in the prior quarter and up from $3.9 million in the third quarter of the prior year.
 
Craig Holmes, executive vice president and chief financial officer at Intervoice, indicated that he is pleased with the company’s overall progress and continued improvement in profitability.
 
“We have completed significant acquisition and integration initiatives which have enhanced our market position and operating efficiency,” said Holmes.
 
For more, check out the Speech Technologies channel on TMCnet.
 
 
 

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