Systems management company Integrated Research (ASX:IRI) has revealed its profit fell 31% in FY10 on lower revenue.
The company's revenue fell 13% to $37.3 million, and profit fell to $5.4 million. License fees fell by 20% and maintenance fees by 12%.
While a 5% reduction of expenses and lower R&D costs helped mitigate these declines, exchange rate volatility impacted earnings from overseas.
IRI shares are today unchanged at $0.400.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.
