23 August 2017
visit www.avoka.com

Iress reports growth in revenue and profits

22 February 2017  |  1467 views  |  0 Source: Iress

IRESS Limited (ASX.IRE) today announced a statutory net profit for the 12 months to 31 December 2016 of $59.5 million, up 7% over the prior year.

Operating revenue increased 8% to $389.7 million. On a constant currency basis, this is an increase of 13% on 2015 (12% excluding 2016 acquisitions). Segment Profit(2), a measure of IRESS’ core underlying performance, was up 4% to $123.5 million. On a constant currency basis, this is an increase of 7% on 2015 (6% excluding 2016 acquisitions).

IRESS Chief Executive Officer, Andrew Walsh, said: “IRESS’ strong underlying result reflects our continued strategic and focused approach to service and growth. We are particularly pleased with strong performances in Australia, the United Kingdom, and in South Africa.

“The result positively reflects past investments we have made in designing, developing and delivering solutions to meet our clients’ needs. We are committed to ongoing investment and innovation to ensure the technology and product solutions we offer continue to lead the markets in which we operate.

“The integrations of businesses acquired during 2016 in South Africa and Australia (INET BFA and Financial Synergy respectively) are progressing well and both businesses contributed positively to the result. These acquisitions are providing new and scaled opportunities for IRESS in broader segments.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.vasco.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
18016 views comments | 42 tweets | 78 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
13192 views comments | 28 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11824 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11059 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10930 views comments | 10 tweets | 8 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job