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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.

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