Integrated Research forecasts H1 profit

Company News

Integrated Research Limited (ASX:IRI) expects to deliver a net profit of between $2.5 and $2.9 million in the first half of the current financial year.

The global software provider says its result was impacted by the delay of a few major license sales. 

While first half revenue dipped 3 per cent, Integrated Research expects to make up the shortfall in license sales in the second half to enable growth over the full financial year. 

The company says it continues to invest for growth and has increased staff by 16 per cent over the year.

Integrated Research expects to release interim results to the market on February 21st. 

Integrated Research reported a net profit of $9 million in the 2012 financial year.