Comment / On the wires: WiseTech down $1.7bn – time to ditch the guidance

19/02/2020

“We continued to deliver high quality growth in 1H20 with revenues up 31% to A$205.9m and ebitda up 29% to A$62.5m, a reflection of the strength of our CargoWise business and strategic actions, along with increased adoption by the world’s largest logistics organisations while we continued to expand our technology platform and grow our global footprint.”

– Richard White, founder and CEO of WiseTech Global (WTC), 19 February 2020, fiscal 1H ’20 results.

Something isn’t right, is it? If that performance sounds ...