Australia's Integrated Research jumps on upbeat results, forecast

Integrated Research

09/05/2024 05:32

** Shares of payment solutions provider Integrated Research
 IRI.AX  rise as much as 38.8% to A$0.555
    ** Stock posts biggest intraday percentage gain since Jan.
8, 2015
    ** Hits its highest level since Feb. 24, 2023
    ** Co says EBITDA for 10 months ended April 30 was A$13.9
mln ($9.15 mln), up 93% year-on-year; revenue for 10 months up
11%
    ** Co forecasts FY24 total contract value, revenue and
EBITDA to exceed FY23
    ** About 2.2 mln shares change hands, compared with the
30-day average volume of around 221,000
    ** Stock up 11.1% YTD, based on last close

($1 = 1.5191 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))