Iress (ASX:IRE) has estimated an underlying EBITDA growth of 5-10% in FY24.

The firm also foresees their FY24 exit run-rate underlying EBITDA to be 20-30% higher than FY23.

Additionally, they expect a softening in revenue growth in the latter half of 2023.

Iress’s underlying EBITDA expectations have been lowered for the second half of 2023, predicted to be broadly flat in comparison with the first half of the year.

Iress is an Australian-based software company specializing in developing software systems and services for financial markets and wealth management.