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Integrated Research Limited Announces Results for 2005 Financial Year

  • 10 August, 2005 09:40

<p>Integrated Research (ASX:IRI), leading developer and provider of systems and application management solutions for high availability computing environments, has released the following results for the financial year ended June 30, 2005.</p>
<p>Net profit after tax was $6.2 million, or 3.75 cents per share, compared to $4.5 million (2.7 cents per share) in the previous corresponding period, an increase of 39%. Revenue from ordinary activities for the period was $33.3 million, compared to $30.3 million in the prior year, an increase of 10%, which would have been 14% without the impact of a stronger Australian dollar.</p>
<p>Results summary ($’000)
Revenue from licence fees - 2005: 17,726; 2004: 15,842; % change: 12%
Revenue from maintenance fees - 2005: 14,877; 2004: 13,712; %change: 9%
Total revenue from ordinary activities - 2005: 33,343; 2004: 30,332; %change: 10%
Net profit before income tax - 2005: 8,264; 2004: 7,173; % change: 15%
Net profit after income tax - 2005: 6,199; 2004: 4,455; % change: 39%
Cash flow from operating activities - 2005: 5,733; 2004: 4,178; % change: 37%
Return on net assets/equity - 2005: 28.7%; 2004: 23.9%</p>
<p>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.”</p>
<p>Keith Andrews, CEO of Integrated Research added: “I am pleased to report that revenue from sales of new NonStop licences have grown by 4%, and new sales in the VoIP business have grown by 153% over last year. Sales revenue in the Americas grew in US dollar terms by 24% over last year, and in Europe by 27% in GB pounds. We expect to achieve continuing growth in 2006.”</p>
<p>The company opened its second North American office in November 2004, in the Washington, DC area, to improve its proximity to a large sector of the prospective customer base, and continued to develop its presence in Europe by opening an office in Germany. During the year, PROGNOSIS was chosen to provide the VoIP management solution for Airbus, JP Morgan, Abercrombie and Fitch, and British Airways, and added 58 new customers, including 31 in the VoIP area.</p>
<p>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).</p>
<p>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.</p>
<p>- ends -</p>
<p>About Integrated Research Limited</p>
<p>Since 1988, Integrated Research Limited has been developing world-class systems and application management solutions specifically designed for critical, high-availability computing environments.</p>
<p>The world’s largest bank, telecommunications company, stock exchange, computer hardware manufacturer and internet solution provider all rely on IR solutions – as do hundreds of other customers in over 50 countries around the world.</p>
<p>IR is a publicly listed company (ASX:IRI) with sales and support offices in the USA, UK and Australia, and a sales and distribution network that spans more than 60 countries worldwide. Information on Integrated Research and its products is available at http:/www.ir.com</p>
<p>PROGNOSIS is a registered trademark of Integrated Research Limited. All other brand and product names are trademarks or registered trademarks of their respective companies.</p>
<p>Press Contact:
Keith Andrews, CEO, Integrated Research, +61 2 9966 1066, keith.andrews@ir.com</p>
<p>Maggie Jacka, Kinetics Pty Ltd, +61 2 9976 6611, maggie@kinetics.com.au</p>

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