Iress (ASX:IRE) Full Year 2024 Results

Key Financial Results

• Revenue: AU$604.6m (down 3.4% from FY 2023).
• Net income: AU$88.7m (up from AU$137.5m loss in FY 2023).
• Profit margin: 15% (up from net loss in FY 2023).
• EPS: AU$0.48 (up from AU$0.76 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Iress EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 7.8%. Earnings per share (EPS) exceeded analyst estimates by 25%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 16% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

The company's shares are down 19% from a week ago.

Valuation

Iress' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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