WiseTech Delivers FY26 Beat on at Least One Key Metric
Dow Jones
Yesterday
0142 GMT - WiseTech's annual result was stronger than UBS analysts had anticipated, at least relative to their preferred metric. While the logistics-software developer's fiscal 2026 revenue and Ebitda were slightly lower than analysts Lucy Huang and Ailsa Lei had forecast, the pair points out that reported Ebitda minus capital expenditure came to US$405 million. This metric, which can be seen as the cash-generating capacity of a software business, was up from US$232 million a year earlier and beat UBS's forecast by more than 10%. The analysts see lower-than-expected research and development capex as the driver of the beat. UBS has a last-published buy rating on the stock and a target price of 65.00 Australian dollars. Shares are down 7.9% at A$41.89.
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