WiseTech Global FY25 guidance update

WiseTech Global (ASX:WTC), a software solutions provider for the logistics industry, has revised its FY25 financial projections. This update follows organizational changes and delays in the launch of key products. Despite these challenges, WiseTech forecasts significant revenue and EBITDA growth for the fiscal year.

WiseTech's strategic outlook and financial goals

WiseTech Global has adjusted its FY25 financial guidance due to a delay in the launch of its Container Transport Optimization product, now set for the second half of the fiscal year. While ComplianceWise was launched successfully, the company anticipates FY25 revenue between A$1,200 million and A$1,300 million, with EBITDA expected to reach A$600 million to A$660 million. Despite setbacks, WiseTech remains optimistic about the long-term benefits of its new products and plans to present further updates at the upcoming Investor Day. The company continues to focus on innovation and aims to enhance its CargoWise application suite, ensuring sustained growth and value for its clients.

Executive insights on product and financial outlook

Despite the delay in launching Container Transport Optimization due to recent organizational distractions, we remain confident in the long-term value these products will bring to our customers.