WiseTech On Track to Deliver FY2020 Guidance

  • Nov 19, 2019 AEDT
  • Team Kalkine

Chairman of WiseTech Global Limited (ASX: WTC) highlighted the FY2019 results in the AGM:

  • Revenues up by 57% to $348.3 million.
  • Net profit increased to $54.1million.

Significant organic growth in revenues across WTC’s global business, characteristics of the CargoWise One technology platform, development of product improvements, acquisition of multiple strategic assets in new geographic location as well as adjacent technologies contributed to the surge.

Based on the growth in FY2019, WTC expects its revenue in FY2020 to range between $440 - $460 million and EBITDA to be between 145 - $153 million.

At AEST 1:24 PM, WTC quoted $26.21, down by 9.2%%.

 

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