Are These 2 IT Stocks Too Hot To Punt On – WTC and BVS

The below-mentioned stocks have reported significant revenue growth in the first half of FY 2019. Let’s take a closer look at these stocks-

WiseTech Global Limited (ASX: WTC)

Leading provider of software to the logistics services industry, WiseTech Global Limited (ASX: WTC) recently took a major step in expanding its offering and ability to reach new customer segments, by announcing the acquisition of a leading container solutions provider, Containerchain. The company is now expecting its FY19 revenue to be in the range of $326m – 339m. Further, the company is expecting its FY19 EBITDA to be in between $100m – $105m.

In the first half of FY19, the company reported revenue growth of 68%, EBITDA growth of 52% and NPAT Growth of 48%. The company has recently declared a dividend of AUD 0.015 per share, 100% franked which will be paid on 5 April 2019.

Meanwhile, the share price of the company increased by 6.02 percent in the past six months as of March 14, 2019 and is trading at a higher PE level of 138.09x. WTC’s shares traded at $22.49 with a market capitalization of circa $6.74 billion as on 15 March 2019. It’s 52 weeks high is $25.0 and 52 weeks low is $9.18 and currently, the stock is trading slightly towards 52-week higher level.

Bravura Solutions Limited (ASX: BVS)

Bravura Solutions Limited (ASX: BVS) is a leading global supplier of software and professional services. The company recently released its half-year results for FY19 in which it reported strong financial results across all its key financial metrics. For the half-year period, the company reported revenue of A$127.4 million which was 24% higher than the previous corresponding period (pcp). Further, the company reported EBITDA growth of 28% and NPAT growth of 15% in H1 FY19. In its wealth management segment, the company reported revenue growth of 24% and EBITDA growth of 36% as compared to pcp. In the wealth management segment, the business achieved two new Sonata contracts. During the period, a number of clients were successfully implemented, and several additional projects for new and existing clients commenced.

In the half-year period, the Funds Administration revenue increased by 23% to A$37.0 million and Funds Administration EBITDA increased 7% to A$13.7m. The Fund administration segment was benefitted from increased implementation and development work arising from a renewed and enhanced contract with a significant global client.

The company’s Board has declared an interim unfranked dividend of 5.3cps for H1 FY19, representing 70% of 1H19 EPS.

Meanwhile, the share price of the company increased by 31.25 percent in the past six months as of March 14, 2019 and is trading at a higher PE level of 39.11x. BVS’s shares traded at $5.520 with a market capitalization of circa $1.17 billion. It has 52 weeks high of $5.680 and 52 week low of $2.310 and currently, the stock is trading at a higher level.


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