Full Year 2022 WiseTech Global Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the WiseTech Global FY '22 Results Conference Call. (Operator Instructions)
I would now like to hand the conference over to Mr. Richard White, CEO and Founder. Please go ahead.
Good morning, everyone, and thank you for joining us today for our FY '22 results briefing.
Before I get into the financial highlights, I want to acknowledge the hard work and dedication of the WiseTech team. We are a team that is united in our vision and we're solving real-world problems that impact people globally every day. I'm proud to be a part of that team and of the results we are sharing today.
In FY '22, we delivered total revenue of $632.2 million, representing a 25% increase on FY '21. Excluding FX, total revenue was up 26%. Within that revenue result, CargoWise revenue grew by 37%, excluding FX. Its high-quality result is underpinned by 89% recurring revenue and less than 1% cost of attrition. That ultra-low annual
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