The latest update is out from IRESS Limited ( (AU:IRE) ).
Iress Limited reported a significant turnaround in its financial performance for the year ending December 2024, with a notable shift from a net loss to a net profit of $88.7 million, despite a slight decrease in revenue by 4%. The company’s net tangible assets remain negative due to its reliance on intangible assets and human capital, yet the remarkable improvement in profitability suggests strengthened operations and potential positive implications for stakeholders.
More about IRESS Limited
Iress Limited operates in the financial services industry, providing software solutions primarily focused on trading, market data, financial advice, and wealth management. The company’s offerings are tailored to meet the needs of financial institutions and professionals globally.
YTD Price Performance: -2.70%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1B
Find detailed analytics on IRE stock on TipRanks’ Stock Analysis page.