Australia's Integrated Research rises on positive FY outlook

Integrated Research

16/07/2024 01:53

** Shares of Integrated Research  IRI.AX  advance as much as
11.2% to A$0.940, set for their best day since May 13, if
current trend holds 
    ** The software co expects FY statutory operating profit of
between A$23 mln ($15.54 mln) and A$25 mln, an increase of
90%-107% from prior corresponding period, due to higher revenue
and cost control 
    ** Co forecasts FY revenue between A$82 mln and A$84 mln, an
increase of 17%-20% on PCP 
    ** Co also says CEO John Ruthven will step down
    ** Stock has risen doublefold this year, as of last close
   
    ($1 = 1.4802 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))