An information technology company, WiseTech Global Limited (ASX:WTC) released a business update to the market concerning the evolving environment, trading and guidance.
The Company reaffirmed its FY20 guidance, subject to currency movements-
- WiseTech foresees revenue for the fiscal year 2020 to be between $420 million to $450 million, with revenue growth of 21-29%;
- EBITDA of $114 million to $132 million, with EBITDA growth of 5% - 22%.
Post announcement the stock price of WTC soared by 12.7% to $15.530 (at AEST 11:41 AM).