The Integrated Research Limited (ASX: IRI) share price is soaring more than 6% higher today.
Why Integrated Research is shooting the lights out
In an announcement to the ASX this morning, the $480 million software diagnostics business updated the market on its financial forecasts for the half-year ended 31 December 2016.
For the six-month period the company said it expects to report revenue between $42.3 million and $44 million, up from the $39.4 million it reported last year.
Pleasingly, new license sales are expected to rise to between $22.5 million and $24.2 million, up from $19.5 million.
Meanwhile, net profit is expected to jump to between $7.2 million and $8 million. Given last year's $6.2 million half-year profit, Integrated Research could deliver profit growth of as much as 29%.
Foolish Takeaway
Integrated Research has moved from strength to strength in recent years, and rewarded its shareholders accordingly. But despite rising some 460% in five years, I personally think there could be more growth in store for long-term focused investors. At today's prices, they don't come cheap but I reckon Integrated Research shares are worth at least a small position in investors' portfolios.
