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Company News Summary

IRESS Provides Market Update

11 Jun 2021  |  09:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Iress Market Update

IRESS reported that Comprehensive Board-level review of business acceleration and enhanced target returns commenced in February 2021, and is well advanced. The Technology and product initiatives to strengthen and enhance trading offer, including potential unlocked by Company's Cloud Platform. In 2020, MSO reported revenue of $26.9m with a 68% direct contribution margin. The Board reaffirmed 2021 segment profit guidance of 7%-10% growth on the prior year in constant currency, having increased NPAT guidance by $14m in April 2021.

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