Interactive Intelligence -20.8% AH on Q2 warning

Interactive Intelligence (NASDAQ:ININ) expects Q2 revenue of $78M-$80M, below prior guidance of $86M-$88M and an $87M consensus.

Op. loss is expected to total $6M-$7M. Orders fell 38% Y/Y, but were up 12% excluding one major cloud-based order recorded a year ago.

The company blames contract delays for "certain large on-premises deals," along with revenue recognition deferrals for two big contracts signed in prior periods.

Full Q2 results are due on Aug. 4.

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