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PROGNOSIS Drives IR Fiscal Results |
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Written by Adam Gosling
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Wednesday, 10 August 2005 |
Integrated Research has announced its results for the fiscal year 2004/05 and the news is mixed with the company posting 10 percent better profits from 39 percent better revenues.
Net profit after tax was $6.2 million up from $4.5 million the year before, but this represents an increase of 39 percent. Revenues were up to $33.3 million from $30.3 million and the company says this increase of 10 percent would have been 14 percent if not for a strong Aussie dollar.
Steve Killelea, Chairman of Integrated Research said: “The results are extremely pleasing. The improved profit, coming on top of an excellent performance last year, demonstrates the continuing strength of the PROGNOSIS suite of systems management products. The take-up in the rapidly emerging Voice over Internet Protocol (VoIP) market is especially pleasing.”
During the year the company opened a second US office and an office in Germany. New sales in the company's VoIP business grew by 153 percent. Wins for the year included Airbus, JP Morgan, Abercrombie and Fitch, and British Airways. In all the company added 58 new customers, including 31 in the VoIP area.
Integrated Research continues to hold a strong financial position, with cash at June 30, 2005 of $9.7 million, compared to $8.5 million a year ago, and remains free of debt. Net cash flow provided by operating activities was $5.7 million for the year ended June 30, 2005, an increase of 37% over the prior year ($4.2 million).
Directors have declared a final dividend of 1.5 cent per share, unfranked, payable on September 16, 2005, bringing the total unfranked dividend for the year to 2.5 cents per share.
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