Iress has claimed improved customer sentiment and reduced costs due to its corporate restructuring and cutting staff numbers.
The firm announced earlier this year it would reduce its staff numbers by 10 per cent, Managed Fund Administration and platform services, amongst other initiatives to improve business bottom line and pay off debt.
In an update to investors on Thursday morning, the company announced it has reduced staff numbers by 4 per cent and revenue per employee has increased 30 per cent year-on-year, from $272,000 to $356,000.
During a presentation to investors, Iress CEO Marcus Price said change is something we can do. The change management inflection point is passed, he said.
Its hard when you get to that first moment of ch…
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