IRESS Ltd

Company Profile

• Business description

  Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging from small retail to large institutional businesses. Its core business unit, mainly in Australia, generates most of the company's earnings and free cash flows. Iress expanded into noncore markets through acquisitions, ultimately eroding returns and margins, with free cash flows from the core business invested in the noncore businesses. Its recent strategy includes reprioritizing growth in the core APAC business and divesting/monetizing noncore businesses. We view this renewed focus on its core business as a positive, as it will help maintain Iress' economic moat.

• Contact

  385 Bourke Street
  Level 16
  MelbourneVIC3000
  AUS

  T: +61 390185800

  E: [email protected]

  https://www.iress.com

• Sector

  Technology

  Stock type

  Sensitive

• Industry

  Software - Application

  Fiscal Year End

  31 December 2024

  Employees

  1,422