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Ideas (ASX:IDE) lifts 1H profit 83% to $744k

Ideas (ASX:IDE) lifts 1H profit 83% to $744k

IT research supplier Ideas International (ASX:IDE) has raised its June half profit 83% to $744,000 as a result of new customer wins.

Revenue grew 16% to $4 million, despite the strength of the Australian dollar, Ideas said.

During the half, the company acquired two new vendor accounts and over ten new end user companies.

The company declined to give guidance for the full calendar year, because the result will be subject to subscription renewals from major customers not due until later in the year.

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Tags IdeasASX:IDEfinancial results

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