Wisetech Global Ltd. (AU:WTC) has released an update.
WiseTech Global Ltd. has reported a robust financial outcome for FY24, with a remarkable 28% increase in total revenue, reaching over $1 billion, and a significant 33% surge in its flagship CargoWise revenue. The company’s EBITDA grew by 28% to $495.6 million, exceeding expectations with a margin of 48%, and demonstrating strong cash flow with a 14% increase from the previous year. Additionally, WiseTech is gearing up for further growth with the upcoming release of three breakthrough products aimed at substantial customer value enhancement and industry transformation.
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