IRESS Limited (AU:IRE) has released an update.
IRESS Limited has raised its FY24 earnings guidance, with projected Adjusted EBITDA now between $122m and $132m, up from the previously estimated range of $117m to $127m. This optimistic revision follows the successful sale of IRESS’s Platform business and stronger-than-expected earnings. CEO Marcus Price attributes the improved outlook to the company’s transformation program, cost discipline, and a focus on core businesses, which is also bolstering their balance sheet.
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