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The latest update is out from Wisetech Global Ltd. ( (AU:WTC) ).
WiseTech Global has announced significant changes to its Board of Directors, with four independent non-executive directors stepping down due to differences regarding the role of the company’s founder and CEO, Richard White. The company has also updated its financial guidance, indicating that revenue will likely be at the lower end of forecasts due to delays in product rollouts, although EBITDA margins are expected to be high due to efficiency improvements, potentially impacting its market positioning and stakeholder interests.
More about Wisetech Global Ltd.
WiseTech Global is a prominent developer and provider of software solutions for the logistics execution industry worldwide, serving over 17,000 logistics companies across 183 countries. The company aims to revolutionize global supply chains through innovative products, with its CargoWise application suite being a key component known for its productivity and comprehensive integration capabilities.
YTD Price Performance: 1.46%
Average Trading Volume: 1,250
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $25.72B
See more insights into WTC stock on TipRanks’ Stock Analysis page.
