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Integrated Research profit slumps 6% in 2009

Integrated Research profit slumps 6% in 2009

Systems management product developer Integrated Research (ASX:IRI) has recorded a 6% lower net profit of $2.7 million for 2009.

Revenue fell 8% to $18.1 million. The company’s main sources of revenue – license fees and maintenance fees – each yielded lower results, with revenue from maintenance fees falling 15% to $8.17 million.

But revenue from consulting and other activities grew 3% to $1.367.

IRI shares have today fallen 4.67% to $0.51.

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Tags 2009 Financial ResultsIntegrated Research

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