Earnings call transcript: Iress lifts profit outlook in H1 2026 as revenue slows
Iress reported a sharp improvement in H1 2026 earnings, with cash EBITDA rising 47.1% and margins expanding by over 740 basis points. The Australian financial software company lowered its full-year revenue guidance due to weaker non-recurring work and foreign-exchange pressures. Despite the slower revenue growth, Iress is seeing a more predictable business model with recurring revenue continuing to rise and non-recurring revenue falling as large client projects end and sales cycles lengthen.
The company's focus remains on its wealth and trading businesses, with APAC Wealth delivering notable recurring revenue growth and the trading and market data business gaining new logos despite market exits in South Africa and Australia. Iress raised its full-year cash EBITDA outlook and raised its interim dividend by 27% to AUD 0.14 a share.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
