Integrated Research Limited · ASX:IRI
Integrated Research — H1 FY2008 Earnings Presentation
9 slides from Integrated Research's earnings presentation, Feb 15, 2008
Slide 1: Integrated Research Limited FY2008 1st Half financial results
For personal use only Integrated Research Limited FY2008 1st Half financial results - ABN: 76 003 588 449 February 2008 Investor Presentation Performance monitoring software for business-critical systems
Slide 2: A Record Result
A Record Result For personal use only • Net profit after tax up 121% on 1H last year to $4.2m • New licence sales up 53% to $11.5m • Total revenue up 25% to $20.1m Performance monitoring software for business-critical systems
Slide 3: Financial results: 1st half FY 2008
Financial results: 1st half FY 2008 For personal use only 31 Dec 2007 31 Dec 2006 % change A$000’s A$000’s Licence fees 11,474 7,494 53% Maintenance fees 8,222 8,187 - Other 426 434 -2% Total revenue 20,122 16,115 25% R&D expenses - net 4,601 3,458 33% SG&A expenses 10,131 10,273 -1% Interest income
Slide 4: Balance sheet
Balance sheet For personal use only Key balance sheet items 31 Dec 2007 30 June 2007 31 Dec 2006 A$000’s A$000’s A$000’s Cash at bank 8,739 11,704 11,788 FDT (tax prepaid) 717 788 1,370 Receivables 14,898 11,300 10,638 Development cap. 12,721 11,365 10,477 Deferred revenue 11,000 10,741 11,063 Net a
Slide 5: Cash Flow
Cash Flow For personal use only Cash is lower compared to prior year: • Revenue skew (cash receipts lower by $2.0 million) $ 9.7 million in Nov/Dec 2007 $ 6.4 million in Nov/Dec 2006 • Exchange rate impact on cash ($0.6 million) AUD/USD at 31 December 2007 was 0.88 AUD/USD at 31 December 2006 was 0.
Slide 6: R&D spending
R&D spending For personal use only 31 Dec 2007 31 Dec 2006 % change A$000’s A$000’s Gross spending 6,299 4,377 44% Development – Cap. 4,387 2,565 71% Capitalised % 70% 59% Amortised 2,689 1,646 63% Net expense 4,601 3,458 33% % of revenue 23% 21% Performance monitoring software for business-critical
Slide 7: Review of Operations: 1st half FY 2008
Review of Operations: 1st half FY 2008 For personal use only Revenue by segment 31 Dec 2007 31 Dec 2006 % change A$000’s A$000’s By geographic region: Americas 12,418 9,945 25% Europe 3,442 2,760 25% Asia Pacific 4,262 3,410 25% Total revenue 20,122 16,115 25% By product line: NonStop 6,786 5,123 32
Slide 8: Growth in all product lines
Growth in all product lines For personal use only • IP Telephony • Follow-on deals through major MSPs: AT&T, IBM, Sprint • Success with mid-tier MSPs: Dimension Data (US), Datacraft (NZ & Asia), NSC Gobal (UK), Touchbase (UK), Alphawest (Aus), IPSoft (US), NextiraOne (US) • Significant end-user (dir
Slide 9: Strategy
Strategy For personal use only • Market Strategy • Support and grow IPT MSPs in each region Enterprise: AT&T, IBM, Sprint, Orange, T-Systems Mid-tier: Supporting SMB sector – high growth for IPT • Support EMC OEM partnership – now delivering deals • Strengthen sales execution – all products • De
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