IRESS Ltd

IRE: XASX (AUS)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
A$13.00VwxyjpcQtycmtqdt

Iress: Continued Signs of Earnings Revival

Narrow-moat Iress remains on track for near-term margin expansion. It is supported by a capital market recovery from turbulent levels in 2023, a renewed focus on its core Australian trading, wealth, and superannuation businesses, and cost reductions. We expect improving product up/cross-sell to support client retention and incremental new client wins. Cost reductions are mainly in noncore areas and are not likely to hinder revenue generation.

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