Integrated Research Limited (ASX: IRI) shares could be set for a bounce today after the software business provided an updated profit guidance after the market closed on Thursday.
The company, which provides proactive performance management software, said that it expects net profit after tax for the year ended 30 June 2015 to be between $13.5 million and $14.5 million, representing a lift of 58.8% to 70.6% compared to last year's $8.5 million result.
It said: "Overall sales across all product lines were very strong. The preliminary results were partially influenced by the falling Australian Dollar, however the benefit of the currency devaluation was to some extent offset by forward exchange rate contracts."
Indeed, the company also reported a record $7.5 million first-half profit in February which the company attributed to the realignment of its strategic focus to become "a truly customer centric organisation".
At the time, management said that the new licenses it issued had come from a wide range of customers and products, while its venture into cloud-based subscription services had also played a role in increasing its performance. Although the figures provided by management yesterday are still subject to audit, the results certainly bode well for the company and its long-term shareholders.