I am still faithful to IRI for the following reasons.
1. Many software companies are in transition to SAAS model. I hardly see such transition is unsuccessful. IRI, as a tech company with 34 years history, have no reason to fail on transition.
2. IRI customer retention rate is at 97%, which virtually keep all customers, and they are still winning new customers though behind plan. It has told me that, once IRI get a customer, the customer stickness is very strong.
3. IRI has a strong balance sheet which is at net cash position. This will help the company go through the period of uncertain time.
4. Historically IRI has proven it is resilient( over 30 years, tech has been vastly evolved and IRI still keep its customers and winning new ones).
So I give it a go!
I am still faithful to IRI for the following reasons.1. Many...
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Last
87.5¢ |
Change
0.025(2.94%) |
Mkt cap ! $152.7M | |||
| Open | High | Low | Value | Volume |
| 86.5¢ | 90.0¢ | 86.5¢ | $118.2K | 133.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 570 | 87.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 18000 | 1 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| IRI (ASX) Chart |