Iress: Result 2013

Growth from Iress' mature flagship Australian business is negligible, but its annual result shows it still has a few tricks up its sleeve.

Iress’s 2013 result was strikingly similar to 2012. Excluding its recently acquired UK business, Avelo, revenue rose 4% to $214m and underlying profit was down slightly at $53.2m. Growth in the company's wealth management division in Australia and South Africa was offset by declines in its core Australian financial markets data business and its nascent Canadian business.

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