Integrated Research’s profit guidance increases

Company News

by Kathy Skantzos

Business development services company Integrated Research (ASX:IRI) has announced its profit after tax is expected to increase by 15 to 21 per cent to be in the range of $8.9 to $9.3 million in the first six months to December 2017, compared to $7.7 million from the same time in the previous period.

Licence sales are expected to increase 5 to 7 per cent in the range of $25 million to $26 million.

Licence sales from Unified Communications and Contact Centre grew approximately 25 per cent, offset by the normal cyclical downturn in licence sales from infrastructure.

Total consolidated revenue for the half year is expected to be in the range of $45 million to $46 million.

The company is working on its half year financial results for the six months ending 31 December 2017, which is expected to be released by mid-February.

Shares in Integrated Research (ASX:IRI) are trading 0.88 per cent lower at $3.94.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.