Solid growth for IRD

International Road Dynamics showed solid growth for the three months ended 28 February, with revenue up 3.6 per cent in key geographic markets and product segments. The company’s gross margin continues to strengthen, up 11.6 per cent from last year's first quarter, rising to 30.6 per cent of revenues from 28.4 per cent last year. It reports a stable financial position with working capital rising to US$7.7 million and forecasts continued growth through the balance of fiscal 2015. "Following solid growth
April 14, 2015 Read time: 2 mins
69 International Road Dynamics showed solid growth for the three months ended 28 February, with revenue up 3.6 per cent in key geographic markets and product segments. The company’s gross margin continues to strengthen, up 11.6 per cent from last year's first quarter, rising to 30.6 per cent of revenues from 28.4 per cent last year. It reports a stable financial position with working capital rising to US$7.7 million and forecasts continued growth through the balance of fiscal 2015.
 
"Following solid growth and improved profitability in fiscal 2014, progress continued in the first quarter of fiscal 2015 with higher revenues and a strengthening gross margin," commented Terry Bergan, president and CEO. "Looking ahead, we believe the current environment of lower oil prices could positively impact our business due to increased use of highway and transportation infrastructure, while continued investment by governments and the private sector to facilitate economic growth, improve transportation systems efficiency, reduce emissions, and increase safety and productivity should drive further gains over the long term."
Urban Traffic Control

For more information on companies in this article

Related Content

  • Global traffic management system market ‘to rise at 33.8% CAGR to 2020’
    January 18, 2016
    The traffic management system market is forecast to grow from USD 4.12 billion in 2015 to USD 17.64 billion by 2020, at a compound annual growth rate (CAGR) of 33.8 per cent during the forecast period (2015 - 2020), according to the latest research report by Markets and Markets. Increasing environmental concerns, rapid urbanisation and population explosion, and demand for real-time information are the main drivers driving the growth of the traffic management system market. In 2015, parking space and toll
    Read More
  • Travel information is heading towards smartphones
    January 30, 2012
    Travel information services are undergoing a step change as rapid increase in sales of smartphones brings ITS technology to consumers' fingertips. A virtuous circle of expanding capability is under way in traffic and travel information services, promising much for drivers and reduction of road congestion. A recent rapid rise in sales of smartphones has boosted numbers of vehicles carrying GPS enabled devices and so brought expansion of traffic data available for analysis and dissemination. Greater numbers o
    Read More
  • Hearing highlights economic importance of transportation system
    February 18, 2013
    The US Committee on Transportation and Infrastructure’s first hearing of the 113th Congress focused on the importance of infrastructure to the US economy and examined the role played by the Federal Government in ensuring safe, efficient, and reliable infrastructure. Chairman Bill Shuster highlighted how the quality of the nation’s infrastructure affects the lives of Americans in many ways on a daily basis, and how the Federal role in ensuring a strong transportation network is firmly rooted in the first day
    Read More
  • MaaSLab research assesses Londoners’ attitude to MaaS
    March 28, 2018
    As delegates head for our second MaaS Market Conference, Colin Sowman examines a new report looking at the potential impact of Mobility as a Service on London’s travellers and transport providers. In the run-up to ITS International’s MaaS Market (London) conference, a new independent report examining the travelling public’s appetite for Mobility as a Service (MaaS) has been published. Until now, there has been no real evidence base to evaluate the extent to which MaaS could change travel behaviour in
    Read More

Highlighted Content