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

Related Content

  • August 10, 2016
    Jenoptik growth remains on track
    The Jenoptik Group ended the first half of 2016 with strong performance in terms of revenue, earnings and cash flow. The Group’s revenue rose by 3.4 per cent to US$364 million (€326.8 million, up from the previous year’s US$352 million (€ 316.1 million). This was also the highest revenue posted by the company for a first half-year in recent years. In addition, development of business in the previous year was influenced by positive currency effects. A major contributor to growth was the increased demand
    Read More
  • August 1, 2012
    Developments in travel information display systems
    David Crawford looks at recent developments in travel information display systems. It is important to remember that we are investing in Real-Time Passenger Information [RTPI] to increase ridership," says Robert Burke, Managing Director of New Zealand transit tracking technology specialist Connexionz, which has been involved in at-stop and remote passenger information since 1995. "Superior information improves the perception of public transport reliability and gives the passenger more choices and greater con
    Read More
  • January 24, 2012
    Underinvestment in infrastructure threatens economic growth
    The 2011 Urban Mobility Report from the Texas Transportation Institute highlights the dangers of continued underinvestment in transportation infrastructure but also offers some hope in terms of possible solutions
    Read More
  • April 22, 2014
    Growth of ITS market 2013 to 2019
    According to the latest report from Transparency Market Research, the intelligent transportation systems (ITS) market is expected to reach a value of US$30.2 billion by 2019, at a CAGR of 11.1 per cent from 2013 to 2019. The demand of ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only reduces traffic, but also reduces number of accidents and improves quality of life by controlling vehicle emission leve
    Read More

Highlighted Content