WiseTech Global FY19 revenue jumps 57%

Company News

by Rachael Jones

WiseTech Global (ASX:WTC) released their annual report today showing significant revenue growth for Financial year 2019 up 57 per cent to $348.3 million from last year's $221.6 million.

Net profit after tax increased 33 per cent to $54.1 million from last year's $40.million.

The company says this is driven by continued strong organic growth across the global business, the addition of over 830 product enhancements and bringing customers to CargoWise One technology platform, and the acquisition of strategic assets in new geographies and adjacent technologies.

Shares in WiseTech Global (ASX:WTC) are trading 1.9 per cent lower at $34.34.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.