Intergrated Research ( IRI) , the Sydney Based developer of systems managementsoftware, was last night awarded the Ministers Award for Excellence at the AIIA Awards and also picked up an award in the export category as the top ICT performer.
Fast growing tech company, Price to Earnings around 8, cash reserves growing strongly despite a large investment in research and development. Surely IRI has to be seen as one of the best quality tech companies to survive the downturn.
High growth, very strong earnings, high dividend, buckets of cash, low price, there can be only one way for this company medium term. MAke sure you have a look at their half yearly results yourself before any decision on fundamentals.
It broke out today a little, up from 20.5 to 22 cents so may take a break here for a while, but it wont be staying around 22 cents for too much longer in my opinion.
Anyone else on this one??
IRI Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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