IRESS Ltd

IRE: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$9.60	Rkhrs	Bfcrbgkp

Iress' Earnings Should Recover From Cyclical Headwinds

Shaun Ler

Feb 21, 2024

Business Strategy and Outlook

Iress is positioned to deliver improved earnings growth through the strategic refocusing on its core business units in the Asia-Pacific, mainly in Australia. The core business consists of a trading and market data product, a wealth management platform and a superannuation administration system. This follows a prolonged expansion into lower-returning noncore and overseas markets, which have eroded the firm’s economic returns.

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