Skip to main content

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."

For more information on companies in this article

Related Content

  • Creative finance enables parking progress in LA
    March 15, 2016
    David Crawford investigates an innovative public/private partnership. Los Angeles entered the second decade of the 21st century facing major challenges to its parking operations. With a population of 3.8 million, and its car-oriented culture still predominant, the city's parking meters were technically outdated - with most only accepting coins and many regularly out of service - resulting in a substantial loss of revenue. This coincided with a number of Californian cities looking to parking income to boost
  • ITS America urges greater international co-operation on ITS
    January 19, 2012
    Iteris, Inc.'s Abbas Mohaddes talks about his plans for ITS America this year
  • Thales builds on Canadian connection for transit R&D
    June 20, 2016
    The Canadian province of Ontario is continuing to benefit from its ongoing investment in transit R&D. David Crawford looks at the impact of new investment. Developing the next generation of urban rail signalling solutions worldwide, with the emphasis on transit security and efficiency, is the goal of a recently-created business partnership between the government of the Canadian province of Ontario and Thales Canada. The wholly-owned subsidiary of the France-HQ'd global defence, aerospace and transportation
  • Indiana DOT awards IRD further WIM orders
    July 24, 2015
    The Indiana DoT has awarded International Road Dynamics (IRD) an additional quantity purchase agreement valued at approximately US$9.9 million. Under the agreement, IRD will be issued task orders to provide weigh-in-motion (WIM) and virtual weigh-in-motion (VWS) systems including site and sensor installation, maintenance and repair for high accuracy traffic and weight data for planning, roadway design, and weight compliance purposes.