Skip to main content

WiseTech reports guidance upgrade | WiseTech Global (ASX:WTC) Reporting Season Results

Sophia Mavridis
February 23, 2022

WiseTech (ASX:WTC) reported strong half year financial performance, with strong revenue and cash generation reflecting operating leverage.

WTC demonstrated revenue growth and earnings expansion, reporting total revenue increased 18% to $210 million, driven by increased market penetration and customer usage.

Underlying NPAT rose 77% to $77.3 million, and underlying EPS was up 77% to 23.7cps.

As WiseTech works toward being the operating system for global logistics, their strategy involves extending their technology lead, expanding market penetration, and driving operational efficacy.

WTC continues to invest in research and development, viewing innovation as a top priority. This includes its CargoWise product, with product development and acquisition strategies underway.

Management reaffirmed its full year revenue growth guidance of 18% to 25% and upgraded its EBITDA guidance to 33% to 43% growth.

WTC declared a fully franked interim dividend of 4.75cps, up 76%.

At the time of recording, WTC’s share price has gained 3%.

Weekly Wrap 12 July

Grady Wulff
July 12, 2024

Morning Bell 11 July

Grady Wulff
July 11, 2024

Morning Bell 10 July

Grady Wulff
July 10, 2024

Morning Bell 9 July

Sophia Mavridis
July 9, 2024

Morning Bell 8 July

Grady Wulff
July 8, 2024

Weekly Wrap 5 July

Bell Direct
July 5, 2024

Morning Bell 4 July

Bell Direct
July 4, 2024

Morning Bell 3 July

Bell Direct
July 3, 2024

Morning Bell 2 July

Bell Direct
July 2, 2024

Morning Bell 1 July

Bell Direct
July 1, 2024

Weekly Wrap 28 June

Bell Direct
June 28, 2024

Morning Bell 28 June

Bell Direct
June 28, 2024