WiseTech Global Ltd (ASX:WTC)

APAC company
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Market Info - WTC

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Company Info - WTC

  • Market CapAUD0.000m
  • SymbolASX:WTC
  • IndustryTechnology
  • SectorSoftware - Application
  • Currency
  • ISINAU000000WTC3

Company Profile

WiseTech is a leading global provider of logistics software, and 19 of the largest 20 third-party logistics companies are customers of the firm. The company has a very strong customer retention rate of over 99% per year, and is growing quickly as its global SaaS platform replaces legacy software. The company reinvests around 30% of revenue into research and development, but around 50% of this cost is capitalised, leading to poor cash conversion. Founder Richard White remains CEO and the largest shareholder.WiseTech Global Ltd provides cloud-based software solutions to logistics companies. The firm provides end-to-end logistics solution through its products which include CargoWise One to its clients worldwide.

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