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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
    Melbourne VIC 3000
    AUS

    T: +61 390185800

    E: irelation@iress.com

    https://www.iress.com

  • Sector

    Technology

    Stock type

    Sensitive

  • Industry

    Software - Application

    Fiscal Year End

    31 December 2024

    Employees

    1,422

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