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INTEGRATED RESEARCH LIMITED — Capital/Financing Update 2018
Jul 11, 2018
65142_rns_2018-07-11_e9127cab-f808-4139-ab62-405c83a45b49.pdf
Capital/Financing Update
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Integrated Research Ltd > ABN 76 003 588 449 Level 9, 100 Pacific Highway, North Sydney NSW 2060 Australia t: +61 (2) 9966 1066 f: +61 (2) 9966 1042
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MARKET ANNOUNCEMENT
Continuous Disclosure
Profit Guidance – Financial Year ended 30 June 2018
Sydney, July 12, 2018 – Integrated Research (“IR”) is in the early stages of preparing its financial statements for the year ended 30 June 2018. Based on internal management accounts and subject to audit, the Company anticipates total revenue growth to be flat and profit after tax growth to be up between 1% and 5% when compared to the previous financial year.
The result was primarily a function of the cyclical downswing in Infrastructure and an underperforming European operation. Though the result is disappointing, the fundamentals of the business remain sound with stronger licence growth anticipated for the new financial year.
At 30 June, the Company had $11.2 million in cash holdings with no debt.
This statement is made for market guidance. IR does not expect to make any further comment until the accounts have been finalised and approved for release to the ASX (anticipated announcement date: 16 August 2018).
By Authority of the Board
David Purdue Company Secretary Integrated Research Limited ABN: 76 003 588 449
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About IR
IR is the corporate brand name of Integrated Research Limited (ASX:IRI), the leading global provider of experience management solutions for critical IT infrastructure, payments and communications ecosystems. More than 1000 organizations in over 60 countries—including some of the world’s largest banks, airlines and telecommunication companies rely on IR Prognosis to provide business critical insights and ensure continuity-critical systems deliver high availability and performance for millions of their customers across the globe. For further information on IR, visit www.ir.com.