the wealthiest executive in the country, isn’t losing much sleep despite the wipeout, saying that he didn’t spend a lot of time thinking about his wealth.“The truth is [wealth] is a measure, it doesn’t really affect me. The critically important thing is that we get to grow a really powerful Australian company and take it global, and make the whole world a more efficient place,” he said.
While the company’s full-year earnings before interest and taxes came in at $386 million, up 21 per cent year-on-year, its overall numbers fell short of some analysts expectations. WiseTech’s share price has been on a tear this year, up 76 per cent, reflecting the lofty valuation placed on it by the market
“When times are good and businesses are growing quickly, they need solutions that help them grow the company, and we do that very well. Equally, when times are tough and margin compression’s happening, you can also look to the product to increase efficiency and to strip out costs,” he said. Over the past year, the company has enhanced its customs-focused offering while also introducing a new warehouse suite and a product for cargo owners. It said it grew its workforce to about 1800 people, of whom around 60 per cent are working on product development, and that it had shipped more than 1100 product enhancements in FY23.
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Source: FinancialReview - 🏆 2. / 90 Read more »