IAI Publishes a Presentation for Investors and Stakeholders
IAI recently published an investor presentation which can be accessed on the company’s website at (https://www.infoa.com/wp-content/uploads/2021/06/Information-Analysis-Inc-Publishes-Investor-Presentation.pdf). As noted in the presentation, the sharp increase in remote workers and strain on computer systems of government agencies, such as unemployment offices, during the COVID-19 pandemic have highlighted the urgent need for modernization of many key government agencies that currently rely on outdated COBOL computer code. Private sector industries are also in need of significant modernization, with the financial industry noted as being heavily reliant on COBOL. IAI currently has contracted backlog of $43.1 million as of April 30, 2021 and Q1 2021 revenue growth of 66%.