Integrated Research FY24 Financial Results

Integrated Research (ASX:IRI) has announced significant improvements in its financial performance for FY24. The company reported a 22% increase in Total Contract Value and a 19% rise in group revenue. Leadership changes were also announced, with Ian Lowe appointed as the new CEO and Managing Director.

Integrated Research FY24 Performance Overview

Integrated Research (ASX:IRI) demonstrated a strong financial performance in FY24, marked by increased Total Contract Value and group revenue, alongside reduced expenses. The company's strategic focus on product-led growth has contributed to these results, with Infrastructure and Transact solutions leading the way. Leadership changes have been made to support ongoing strategic initiatives, including exploring new revenue streams and maintaining sustainable shareholder returns. Looking ahead, Integrated Research aims to shift revenue composition in FY25, focusing on new business from larger enterprises, while maintaining confidence in its financial position and strategic direction.

Executive Commentary from Integrated Research

The company experienced a substantial turnaround in FY24, driven by strong demand for our Infrastructure and Transact solutions, as well as disciplined sales strategies and operational optimizations.