Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

Wisetech Global Provides Chairperson's and CEO's Addresses to AGM

21 Nov 2018  |  09:58:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WTC AGM Chair & CEO addresses

Wisetech Global provided Chairperson's and CEO's Addresses to 2018 Company AGM. In FY 2018, the business continued to experience growth with revenues up 44% to $221.6m, and net profit after tax attributable to equity holders increasing to $40.8m. For CargoWise One customers, the Company recurring revenue is 99% of total revenue, with 99% usage-based licensing, and customer attrition rate remains well below 1% for the sixth year in succession. During FY 2018, the Company continued its investing over 34% of revenue and over 50% of Company people in product development, further expanding its pipeline of commercialisable innovations. The Company have completed 27 valuable geographic expansion and adjacent technology acquisitions, across Europe, Australasia and the Americas.

Please click here for full details

See more ASX300 News Announcements