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Iress, amidst a transformative phase under new leadership, shows promising signs with its earnings projected to surge by 29.6% annually. This growth starkly contrasts the slower revenue uptick of just 1.9% per year, lagging behind Australia's average of 5.7%. Strategic shifts include the promotion of Harry Mitchell as Deputy Group CEO, poised to steer Iress through its next growth phase in superannuation and wealth management across APAC and the UK. With R&D expenses constituting a significant yet undisclosed portion of their budget, Iress is investing in innovation to stay competitive in the evolving tech landscape. The recent board enhancements further solidify its governance framework, ensuring robust oversight as it navigates these expansive changes.

• Click to explore a detailed breakdown of our findings in Iress' health report.

• Understand Iress' track record by examining our Past report.

SEEK

Simply Wall St Growth Rating: ★★★★☆☆

Overview: SEEK Limited operates as an online employment marketplace service provider across Australia, South East Asia, New Zealand, the United Kingdom, Europe, and other international regions with a market cap of approximately A$9.53 billion.

Operations: SEEK Limited generates revenue primarily through its employment marketplaces, with A$840.10 million from the ANZ region and A$244 million from Asia.

SEEK, poised for significant transformation, is navigating through a challenging yet opportunistic landscape. With an anticipated revenue growth of 7.9% annually, it outpaces the broader Australian market's average of 5.7%. This growth trajectory is complemented by an aggressive push in R&D, which remains a cornerstone of their strategy to innovate within the Interactive Media and Services sector. Despite current unprofitability, earnings are expected to surge by 37.7% per year as SEEK invests heavily in technology and platform enhancements to better serve its expansive user base. The upcoming Annual General Meeting on November 19 could further shape the company’s strategic direction, potentially influencing its long-term profitability and market position.

• Dive into the specifics of SEEK here with our thorough health report.

• Explore historical data to track SEEK's performance over time in our Past section.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:DTL ASX:IRE and ASX:SEK.

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