Home Media Centre Corporate news IRESS Releases 2011 Full Year Results

IRESS Releases 2011 Full Year Results

Wednesday, February 22, 2012

IRESS announces its results for the financial year ended 31 December 2011.

IRESS Managing Director, Andrew Walsh said the company’s 2011 financial result demonstrates resiliency in light of prolonged low equity volumes, uncertainty and volatility in global markets, and reaffirmed commitment to medium-term growth initiatives. "Group revenue growth over the course of 2011 fought against flat momentum and adverse currency movements, but was underpinned by our competitive solutions and a large number of concurrent client implementations. Our investment focus has remained fixed on these deliveries and our new growth opportunities, which together have moderated the financial outcome." Revenue and Segment Profit growth for the year were 13.7% and 3.4% respectively, including contribution from the Peresys acquisition in January, but before allowing for medium-term growth initiatives.

Trading into 2012 has been mixed, with maturing projects and newly commencing client technology initiatives, combined with a widespread focus on cost reductions throughout financial markets given the extended turbulent climate. Demand remains for our solutions, particularly in areas providing direct savings, and those with which our clients can enhance services and engagement with their end clients. However, we retain caution given the environment and expect conditions for at least the short term to moderate underlying financial growth, suggesting that flat 2012 segment profits before growth investments would represent a good result.

 

To view the full media release, please refer to:

IRESS 2011 Full Year Media Release

 

For full results details, visit:

IRESS Investor Relations


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  • Employees 1340
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  • Offices 14
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  • Established 20+
    Years Experience
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