News & Analysis

WiseTech shares go ballistic after FY20 results

- August 19, 2020 3 MIN READ

Revenue up 23% on FY19 to $429.4m Operating profit flat at $80.5m  Net profit after tax up 197% to $160.8m Underlying NPAT flat at $52.6 million Dividend of 1.6 cents per share Shares in Sydney-based logistics tech company WiseTech Global skyrocketed 34% on Wednesday following the release of its 2020 financial year results. The Company… Read more »

News & Analysis

5 things you should know about tech today

- February 19, 2020 3 MIN READ

  Happy humpday. We hope you’re being paid the right wage.   1. WiseTech shares smashed (again) as it blames coronavirus for revenue downgrade Shares in Sydney-based logistics company WiseTech (ASX: WTC) are being smashed today after the company downgraded its revenue and earnings forecasts for the second half of FY2020, blaming coronavirus. The company… Read more »

News & Analysis

WiseTech shares plummet again after its short-seller launched another attack

- November 19, 2019 2 MIN READ

Shares in Sydney-based logistics tech co WiseTech Global (ASX: WTC) have fallen more than 6% in early trade today, amidst the company’s AGM, as China-based short-selling nemesis J Capital launched a fresh attack on the credibility of the business. WiseTech shares fell more than 10% to below $26 on Tuesday morning, despite an upbeat presentation… Read more »

News & Analysis

Logistics software venture WiseTech sees shares soar after profit jump

- August 21, 2019 3 MIN READ

Wisetech Global CEO & founder Richard White.   WiseTech is a Sydney-based logistics company that’s pushed hard into tech in recent years Its shares jumped after beating its own revenue growth predictions for FY19 The company has invested heavily in tech development and acquisitions to scale rapidly Operating profit increased 37% to $80.2 million WiseTech… Read more »