IRD announces continued growth in second quarter 2015

International Road Dynamics has announced solid growth in the three and six months ended 31 May 2015, with increased revenue on strong growth in key geographic markets and product segments For the three and six months ended 31 May, consolidated revenue increased 12.2 per cent and 8.1 per cent respectively, compared to the same period s in 2014, due primarily to continued growth in the Company's Canada, United States, Latin America and Mexico markets, as well as an increase in the value of the US dollar.
July 16, 2015 Read time: 2 mins
69 International Road Dynamics has announced solid growth in the three and six months ended 31 May 2015, with increased revenue on strong growth in key geographic markets and product segments

For the three and six months ended 31 May, consolidated revenue increased 12.2 per cent and 8.1 per cent respectively, compared to the same period s in 2014, due primarily to continued growth in the Company's Canada, United States, Latin America and Mexico markets, as well as an increase in the value of the US dollar.

"We continued to capitalize on increased demand in our key market segments during the second quarter of fiscal 2015 with solid gains in revenues and profitability," commented Terry Bergan, president and CEO. "Looking ahead, we believe our business will continue to grow as governments and the private sector realize the significant benefits of implementing ITS systems. In addition, over the longer term, we believe our patented products and technologies will become integral to the deployment of the Automated Highway System and future evolution of autonomous and connected vehicles, a key platform for improving transportation systems efficiency and safety."
Detection, Monitoring & Machine Vision

For more information on companies in this article

Related Content

  • Speed reduction measures - carrot or stick?
    January 23, 2012
    In Sweden, marketing company DDB Stockholm employed a mock speed camera as part of a promotional campaign for automotive manufacturer Volkswagen. The result was worldwide online interest and promotion of the debate over excessive speed to the national level. A developing trend in traffic management policy is to look at how to induce road users to modify their behaviour by incentivising change rather than forcing it through the application of penalties. There have been several studies conducted into this; an
    Read More
  • IRD demonstrates integrated systems including WIM@Toll
    October 23, 2012
    Canada-headquartered International Road Dynamics (IRD) is here in Vienna to present integrated ITS solutions that make highways more efficient. The company is showcasing products, software, and fully integrated systems for automated truck weigh stations using high-speed and low speed weigh-in-motion (WIM), automated toll collection and audit systems, highway traffic management systems (HTMS), advanced traffic data collection, security and access control, and fleet management using GPS. As IRD points out, it
    Read More
  • Growth predictions for parking management market
    December 18, 2014
    According to a new market research report Parking Management Market by Solution (Parking Software, On-Street Parking, Off-Street Parking, Access Control, Security and Surveillance, Parking Fee and Revenue Management, Parking Enforcement and Permit Management) - Global forecast to 2019, published by MarketsandMarkets, the global parking management market is expected to grow from US$5.0 billion in 2014 to US$9.2 billion by 2019, at a compound annual growth rate (CAGR) of 12.8 per cent. The global parking m
    Read More
  • Vehicle ownership - a thing of the past?
    May 22, 2012
    Convergence of electron-powered vehicles with connected vehicle technologies could mean that only a few decades from now the idea of owning a vehicle will be entirely alien to the road user. By Technolution chief scientist Dave Marples with Jason Barnes Even when taken individually, many of the developments going on and around vehiclebased mobility will bring about major changes in transportation. Taken collectively, the transformations we might expect are nothing short of profound. Enumeration of the influ
    Read More

Highlighted Content