WiseTech Global Ltd (ASX:WTC)
A$ 118.43 -0.47 (-0.4%) Market Cap: 39.49 Bil Enterprise Value: 39.47 Bil PE Ratio: 150.70 PB Ratio: 17.91 GF Score: 91/100
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Half Year 2022 WiseTech Global Ltd Earnings Call Transcript

Feb 22, 2022 / 11:30PM GMT
Release Date Price: A$42.79 (-3.95%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the WiseTech Global Limited First Half '22 Results. (Operator Instructions) I would now like to hand the conference over to Mr. Richard White, CEO and Founder. Please go ahead.

Richard John White
WiseTech Global Limited - Founder, CEO & Executive Director

Good morning, everyone, and thank you for joining us today for our first half FY '22 results briefing. We announced today that we delivered first half '22 total revenue of $281 million, representing an 18% increase on the first half '21. Excluding FX impact, total revenue was up 22%. 93% of our total revenue was recurring revenue, up 2 percentage points on the prior corresponding period, providing us with a stable and predictable long-term revenue stream.

Our CargoWise revenue grew by 33%, excluding FX movements, in the first half of '22. This growth is strategically important because it demonstrates the increasing revenue contribution that our large global freight forwarder rollouts deliver as well as our ability to attract new

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