Report
Gareth James
EUR 101.80 For Business Accounts Only

WiseTech should continue to grow quickly as its logistics software replaces legacy systems.

Narrow moat-rated logistics software firm WiseTech Global has gone from strength to strength since bursting onto the ASX last year. The fiscal 2017 result provided further evidence of this but the 49% increase in revenue and 71% increase in EBITDA were in line with management guidance and our expectations. Management provided fiscal 2018 revenue guidance of AUD 200 to 210 million, implying around 35% growth, and EBITDA of AUD 71 to 75 million, implying around 30% growth, both of which are in lin...
Underlying
Wisetech Global Ltd.

WiseTech Global is engaged in providing software solutions to the logistics industry across more than 125 countries. Co. develops, sells and implements software solutions that enable logistics service providers to facilitate the movement and storage of goods and information domestically and internationally. Co.'s customers range from small and mid-sized regional or domestic enterprises to large multi-national companies.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Gareth James

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