Integrated Research (IRI)
The momentum for Integrated Research is continuing, following the company’s positive full-year earnings result.
The momentum for Integrated is continuing, following its positive full-year earnings result. Its stock jumped 11.63 per cent to 42¢ on Friday despite a higher Australian dollar and a slowing global economy. The software company in November reported a 38 per cent increase in net profit after tax to $7.5 million for the year ending June 30. The result was helped by an increase in revenue coming in from the US, Europe and the Asia-Pacific region. Integrated said the financial results were buoyed by strong growth in sales for IP telephony licences, which were up 52 per cent over the previous year. In addition, licence revenue from the company’s HP NonStop market grew by 26 per cent, representing a strong rebound in customer spending patterns. Revenue from consulting services also increased but maintenance services revenue was down slightly. Shares are up 92 per cent since its June 2011 lows but still well below their float price of $1.70.
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