Stay updated with breaking news from Iress Group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Iress has upgraded its FY23 earnings guidance range from $118 million - $122 million to $123 million - $128 million, a result of its well-executed transformation strategy that stabilised revenues and tempered costs.
The firm has entered an agreement with SS&C to divest its managed funds administration business for $52 million with the deal expected to close in Q3 FY23 as it details its half-year results.
Following a strategic review aimed at boosting shareholder returns, Iress has overhauled its organisational structure and senior leadership team.
Following a strategic review of its business, Iress has made changes to its senior leadership teams, launched a new innovations division and announced a 10 per cent headcount reduction.
Iress has laid plans to reduce its global headcount by 10% in an effort to become more “efficient and focussed”.