inContact Q1 2016 software revenue up 28% YoY

inContact, Inc. (NASDAQ: SAAS) reported its software segment revenue totaled USD41.5 million for the quarter ended March 31, 2016, an increase of 28 percent from USD32.5 million in Q1 2015, the company said.

Consolidated revenue for the quarter ended March 31, 2016 was USD62.4 million versus USD51.3 million for the same period in 2015, an increase of 22 percent.

Software segment gross margin for the quarter ended March 31, 2016 was 60 percent versus 58 percent for the same period in 2015. Non-GAAP Software segment gross margin which represents the elimination of amortization of acquired intangible assets and stock-based compensation was 64 percent for the first quarter of 2016, versus 63 percent in the first quarter of 2015 (see reconciliation of non-GAAP measures below). First quarter 2016 Network connectivity segment gross margin was 36 percent versus 37 percent for the same period in 2015.

Consolidated gross margin percentage was 52 percent in the first quarter of 2016 compared to 50 percent for the same period in 2015. Non-GAAP consolidated gross margin which represents the elimination of amortization of acquired intangible assets and stock-based compensation was 54 percent for the first quarter 2016 compared to 53 percent for the same period in 2015 (see reconciliation of non-GAAP measures below).

inContact provides cloud contact center software that includes the customer interaction cloud, an expert service model and the broadest partner ecosystem.