Also on Wednesday, software diagnostics company Integrated Research Limited (ASX: IRI) released first-half FY17 earnings guidance. For the six-month period, the company said it expects to report revenue between $42.3 million and $44.0 million, up from the $39.4 million the previous year. The company advised the market that it expects net profit after tax (NPAT) will be between $7.2 million and $8.0 million, versus $6.2 million in 1HFY16. We expect Integrated Research to deliver substantial earnings growth into FY18 driven by new contract wins and licence renewals. Shares in Integrated Research closed up 10.1% for the week. We own IRI as a research-driven investment in WAM Capital and WAM Research.
Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of ten investment professionals who offer a combined investment experience of almost 100 years.