IRI has definitely seen a pretty decent reversal, really is just...

IRI has definitely seen a pretty decent reversal, really is just the start however although I doubt we'll break $4 or so without another earnings upgrade cycle - Market is still spooked from the last update.

IRI is very similar to where Technology One (TNE) was a few years back when they transitioned to a SaaS model, short term pain for long term gain as we restructure. This business has some of the best metrics on the ASX, always has been quite cyclical - But now we've hit the bottom should be a decent hold from these levels.