Iress
ASX:IREUnverifiedReported Offshore Headcount
142+
reported 31 Dec 2024 — Iress Annual Report 2024 - 142 employees in South Africa
Estimated % of Workforce
~7.9%
illustrative — not directly reported by the company
Destination Countries
Financial Context
Market Cap
$2.2B
Revenue
$600M
Net Profit
$50M
Estimated Wage Differential
~$12M/yr
CEO
Marcus Price
CEO Total Pay
$2,800,000
CEO earns
25x the average Australian worker
avg Australian salary $110K+/yr
Illustrative wage differential: if the 142+ reported offshore roles were instead employed in Australia at average local rates, the additional cost could be in the order of ~$12M/yr (~24% of reported net profit). This is an estimate based on industry averages, not company-specific data.
Would this company be profitable without offshoring?
Financial data: FY2024. Estimate uses avg AU cost of $110,000+/yr (salary only, excluding super, office, recruitment) vs offshore $25,000/yr (salary + on-costs). Actual figures vary by role, seniority, and location.
In Plain English
- In 2024, Iress was reported to have 142+ offshore contractors and staff.
- This represents ~7.9% when compared to its current workforce of 1,800 (illustrative comparison only — not directly reported by the company).
Based on data from public sources at the dates reported. Figures may not reflect current headcount. See sources below for full attribution.
Technology Peers
How Iress's known offshore percentage (7.9%+) compares to reviewed technology peers.
| Company | ASX | Known Offshore* | Offshore Destinations |
|---|---|---|---|
| Block Inc | XYZ | None found | - |
| CAR Group | CAR | None found | - |
| Catapult Sports | CAT | None found | - |
| Codan | CDA | None found | - |
| Culture Amp | None found | - |
What Public Sources Say
All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.