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WiseTech Global Ltd (ASX:WTC) Share Price

WTC

WiseTech Global Ltd

APAC company

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Technology

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Software - Application

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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.

ASX:WTC

AU000000WTC3

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