Key insights from Integrated Research's FY24 update

Integrated Research (ASX:IRI), a leader in user experience and performance management solutions, has issued a trading update for the first half of FY25. The company is pursuing a product-led growth strategy to boost its new business total contract value (TCV) despite a downturn in overall TCV and revenue.

Integrated Research's strategic shift and future outlook

Integrated Research (ASX:IRI) has reported a notable rise in new business TCV, despite a decrease in overall financial metrics for the first half of FY25. The company's product-led growth strategy aims at expanding new business TCV through enhanced product development. While current revenues and TCV have witnessed declines, the strategy signifies a focus on sustainable growth. The company anticipates stronger contract renewals and is set to introduce new products in the upcoming months, positioning itself for future stability and growth.

Executive insights from Integrated Research

I am optimistic about our growth in new business TCV,' said CEO Ian Lowe. 'Investing in new products is strategically important for our future growth. We will announce new product developments in the coming months.