WiseTech Global Full Year 2024 Earnings: Revenues Disappoint

WiseTech Global (ASX:WTC) Full Year 2024 Results

Key Financial Results

• Revenue: AU$1.04b (up 28% from FY 2023).
• Net income: AU$262.8m (up 24% from FY 2023).
• Profit margin: 25% (in line with FY 2023).
• EPS: AU$0.79 (up from AU$0.65 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

WiseTech Global Revenues Disappoint

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

The company's shares are up 19% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on WiseTech Global's balance sheet health.

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