Integrated Research Limited gives profit guidance

Integrated Research Limited (ASX: IRI) updated the market today with its expectations for its upcoming report.

Integrated Research describes itself as a global provider of experience management solutions for critical IT infrastructure, payments and communications ecosystems. It counts more than 1,000 organisations in over 60 countries as customers who rely on Integrated Research’s insights.

The guidance is that the company continues to generate strong profit growth.

The company expects profit after tax for the half to be in the range of $8.9 million to $9.3 million compared to $7.7 million in the prior corresponding period. This will be growth of 15% to 21%.

Licence sales are expected to be in the range of $25 million to $26 million, representing 5% to 7% growth. Licence sales from Unified Communications and Contact Centre grew by around 25% which was offset by the ‘normal cyclical downturn in licence sales from Infrastructure’.

Total consolidated revenue for the half is expected to be in the range of $45 million to $6 million.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Integrated Research Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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