IRESS profit up 10% for 1H17
IRESS has reported a statutory net profit increase of 10 per cent to $29.5 million for the six months to 30 June 2017, over the prior half (six months to 31 December 2016) and down 10 per cent over the previous corresponding period.
IRESS said its Asia-Pacific business’ operating revenue and direct contribution increased 11 per cent and seven per cent on the previous half, and reflected strength and the contribution from Financial Synergy, acquired in November 2016.
IRESS chief executive, Andrew Walsh, said a major focus for the firm was its continued investment in its software products and solutions.
“We are particularly focused on further improvements in user experience, with a dedicated and growing user experience team,” he said.
“Our continued investment in market data and trading infrastructure and features plays an important role in meeting the needs of financial markets participants in addition to our integrated product strategy and offering, which brings together wealth management and trading solutions.”
Walsh said the firm was experiencing growth in superannuation technology, with increased investment in its Acurity platform.
“We also recently completed delivery of an integrated online advice solution bringing together the capabilities of Acurity online member portal and XPLAN, which is generating strong interest,” he said.
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