The Integrated Research Limited (ASX: IRI) share price continued its strong run today and hit another all-time high of $3.63.
This means that the performance management software specialists' shares have climbed over 58% since this time last year.
Why have its shares climbed higher?
Investors have been fighting to get hold of its shares since the appointment of new CEO John Merakovsky on June 12.
Mr Merakovsky joined Integrated Research after several years as a general manager of one of Australia's leading technology companies.
Its shares were given an additional boost last week when the company announced that it is expecting a record profit of between $18 million and $19 million for the year ending June 30 2017.
That result would represent growth of between 13% to 19% on the $16 million achieved in FY 2016.
This impressive growth has been driven by strong demand for its services from some of the biggest companies in the world. In fact, the company currently counts 120 of the US's Fortune 500 leading companies as clients.
