(ShareCast News) - Pre-tax profits at governance, risk and compliance software firm Ideagen took a 44% hit due to large one-off charges, but underlying results showed encouraging progress and the company integrates last year's transformational acquisitions. Although reported pre-tax profit for the full financial year 2015 fell to £608,000 from £1.1m, this was largely due to costs associated with acquisitions, with depreciation and amortisation totalling £2.5m.Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) was up 43% to £4m, with the acquisition of competitor Gael and software firm EIBS last year integrating well.These additions helped lift revenue 60% to £14.4m, with organic revenue growth at just 5.3%.Adjusted diluted earnings per share was up 26% to 2.11p up from 1.67p for 2014.The AIM listed company said its support and contract renewal rate was at 96%.Chief executive David Hornsby said the company entered the new financial year with an "excellent, more diverse client base and stronger suite of products and the right organisational structure".House broker Finncap reiterated a 52p target price for the stock, with analyst Harold Evans adding that the company had strong drivers for growth across multiple sectors as well as continued momentum in the healthcare sector.At 11:44 BST shares were down 1.03% to 45.65p.