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WiseTech Provides Business Update and Reaffirmed FY20 Guidance

  • April 22, 2020 12:10 PM AEST
  • Team Kalkine

An information technology company, WiseTech Global Limited (ASX:WTC) released a business update to the market concerning the evolving environment, trading and guidance.

Gold MTF non-AMP

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).

 


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