Integrated Research Limited's financial achievements

Integrated Research Limited (ASX:IRI) held its 2024 Annual General Meeting on November 25, 2024. The company presented a revised presentation, highlighting strong financial results. Key achievements include a 22% increase in Total Contract Value and a 19% rise in revenue. Net Profit After Tax surged by 963%.

Integrated Research Limited's strategic direction and outlook

Integrated Research Limited (ASX:IRI) showcased its financial success and strategic plans at its 2024 Annual General Meeting. The company is committed to growth through a product-led strategy, with the Americas market contributing significantly. Operating in the Observability market, IRI aims to capitalize on the projected USD $28 billion market by 2027. Strategic initiatives include customer-led innovation, M&A, and a reset of product strategy. The company plans to launch new product capabilities in FY25 and improve renewal rates. IRI maintains financial flexibility, allocating up to 10% of TCV for innovation annually, and has set a dividend policy at a minimum of 25% of Free Cash Flow.

Executive insights on Integrated Research's strategy

Integrated Research Limited is focusing on a product-led growth strategy, particularly in the Americas market. We are investing in customer-led innovation and mergers and acquisitions to drive growth. Our operations in the Observability market provide real-time technology performance monitoring solutions. We aim to become the world's leading provider of business-critical technology intelligence.