Integrated Research provides interim profit guidance

Company News

Integrated Research Limited (ASX:IRI) has provided interim profit guidance for the six months ending 31 December 2015.
The company anticipates profit after tax for the period to be in the range of $5.9 million to $6.5 million compared to $7.5 million for the equivalent prior period.
The performance management software provider said strategic investments in future growth made during the 2015 calendar year together with the recent acquisition of IQ Services have led to higher costs in the first half. 
The company anticipates consolidated revenue of between $38.5 to $40.1 million.
Integrated Research recorded a net profit of $14.25 million at 30 June 2015.