An update from IRESS Limited ( (AU:IRE) ) is now available.
Iress Limited has reported strong financial results for FY24, marking a significant transformation in its business operations. The company achieved a 25% increase in Adjusted EBITDA to $132.8 million, improved its balance sheet by reducing leverage, and reinstated a final dividend. The strategic divestment of non-core assets and a focus on core business areas have positioned Iress to capitalize on growth opportunities in the global wealth management sector, powered by data and AI. Looking forward to FY25, Iress aims to continue expanding margins and investing in product innovation, with expected growth in both Adjusted EBITDA and NPATA.
More about IRESS Limited
Iress Limited operates in the global financial technology industry, providing software solutions focused on wealth management, trading, and market data infrastructure. The company emphasizes leveraging data and AI to enhance its offerings and focuses on core markets such as APAC Wealth, UK Wealth & Sourcing, South Africa, and Canada.
YTD Price Performance: -2.70%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1B
See more data about IRE stock on TipRanks’ Stock Analysis page.