WiseTech has achieved strong growth in its financial results for the period July-December 2022, which is the first half of the company’s financial year 2023.
In particular, WiseTech increased its total revenue by 35%, compared with the same period last year, reaching US$258 million. In addition, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 36% to approximately US$13 million.
Furthermore, WiseTech reported a free cash flow of US$94 million, representing a 53% year-on-year growth.
WiseTech founder and CEO, Richard White commented, “Our ability to deliver strong growth in revenue, earnings and free cash flow, in a softening global macroeconomic climate, is the result of a tremendous effort by our teams around the world and we’re immensely proud of the progress we are making towards our vision of being the operating system for global logistics.”
