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IRESS (IRSMF) Other Liabilities for Insurance Companies


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What is IRESS Other Liabilities for Insurance Companies?

Other Liabilities for Insurance Companies only applies to insurance companies.


IRESS (IRSMF) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » IRESS Ltd (OTCPK:IRSMF) » Definitions » Other Liabilities for Insurance Companies
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Address
385 Bourke Street, Level 16, Melbourne, VIC, AUS, 3000
Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging from small retail to large institutional businesses. Its core business unit, mainly in Australia, generates most of the company's earnings and free cash flows. Iress expanded into noncore markets through acquisitions, ultimately eroding returns and margins, with free cash flows from the core business invested in the noncore businesses. Its recent strategy includes reprioritizing growth in the core APAC business and divesting/monetizing noncore businesses. We view this renewed focus on its core business as a positive, as it will help maintain Iress' economic moat.