Join our daily newsletter At The Bell to receive exclusive market insights
- As it prepares to report on its FY20 performance, Integrated Research (IRI) has given investors a preview of its record revenue and profit forecast
- For the full financial year, the large-cap technology company anticipates revenue will land between $109.5 million and $111.0 million
- If that’s the case, it’ll represent between nine and 10 per cent growth on last financial year’s statistics
- Additionally, IR believes it’ll pull between $23.6 million and $24.2 million in profit after tax
- Based on FY19’s $21.9 million in profit, this could be an eight to 11 per cent improvement
- The strong growth could be attributed an up uptake in IR’s licence sales, which are expected to total between $70.8 million and $72.3 million on the company’s audited report
- If that’s accurate, the figures represent a 13 to 15 per cent boost on the prior fiscal year’s sales
- The guidance was enough to send IR’s share price skywards today
- The stock ended the week 3.36 per cent in the green, trading for an even $4 each
As it prepares to report on its FY20 performance, Integrated Research (IRI) has given investors a preview of its record revenue and profit forecast.
For the full financial year, ending June 30, 2020, the large-cap tech company anticipates revenue will land between $109.5 million and $111.0 million. If that’s the case, it’ll represent between nine and 10 per cent growth on last financial year’s statistics.
Additionally, IR believes it’ll pull between $23.6 million and $24.2 million in profit after tax. Based on FY19’s $21.9 million in profit, this could be an eight to 11 per cent improvement.
The strong growth could be attributed to an uptake in IR’s licence sales, which are expected to total between $70.8 million and $72.3 million on the company’s audited end-of-financial-year report. If that’s accurate, the figures represent a 13 to 15 per cent boost on the prior fiscal year’s sales.
Integrated Research reckons the boost was predominantly driven by its unified communications (UC) line.
Prognosis, IR’s UC offering, is a performance management software which brings together a suite of communication tools — like messaging, voice or video calls, and emails — across different enterprises.
While the numbers are a good indication of what’s to come, IR reiterates they’re only guidance, and it doesn’t expect to issue any further updates until its final accounts have been green-lit for market release.
At this stage, that’s earmarked for August 20. Until then, shareholders will be waiting with bated breath.
The guidance was enough to send IR’s share price skywards today. Shares ended the week 3.36 per cent in the green, trading for an even $4 each.
