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

  • Growth of smart parking market and parking reservation systems
    August 6, 2015
    ReportsnReports.com’s latest research report, Global Smart Parking Market 2015-2019 says increased use of data analytics to optimise parking is one of the key trends being witnessed in this market across the globe. The research discusses trends, forecasts and growth prospects segmented by geography along with information on leading players of the worldwide industry. Data analytics software is predominantly used these days to provide better parking facilities to consumers. Data analytics provide an approp
    Read More
  • Pricing practise for HOT lane operation
    May 11, 2017
    Timothy Compston weighs up the critical elements that keep the wheels of dynamic pricing schemes turning in today's high-occupancy toll (HOT) lanes. In the drive towards smarter tolling it is perhaps not surprising that sophisticated pricing algorithms are being rolled out to better reflect supply and demand on the roadway. This is the case with high-occupancy toll (HOT) lanes which a growing number of DoTs are seeing as a way of smoothing the operation of their existing, and planned, freeway infrastructure
    Read More
  • Q-Free continues to strengthen ATMS business
    April 23, 2014
    Following its recent acquisition of TDC Systems in the UK, Q-Free is to acquire Slovenian company Traffic Design, an acquisition that reflects a continuation of Q-Free’s strategy to strengthen its business within Advanced Transportation Management Systems (ATMS). Traffic Design was established in 1990 and is the market leader in traffic management, parking systems and tolling in Slovenia. The company has installed traffic management and parking systems nationwide and is the operator of the country’s tol
    Read More
  • Connected cars ‘to represent 20% of the global car market by 2019’
    June 4, 2015
    Hi-tech analysts Juniper Research are forecasting that the telematics sector will continue to outperform all other M2M markets over the next five years, in revenue terms, with one in five passenger vehicles connected globally by 2019. Smartphone-based models have become the key disruptor for M2M, as healthcare, consumer electronics and retail continue to evolve. Juniper Research forecasts that the M2M sector will generate service revenues of over $40 billion globally by 2019 - doubling the size of today'
    Read More

Highlighted Content