2024-02-20 23:39:08 ET
WiseTech Global Limited (WTCHF)
Q2 2024 Results Conference Call
February 20, 2024 06:00 PM ET
Company Participants
Richard White - CEO and Founder
Andrew Cartledge - CFO
Conference Call Participants
Lucy Huang - UBS
Kane Hannan - Goldman Sachs
Bob Chen - JPMorgan
Matt Ryan - Barrenjoey
Paul Mason - E&P
Nick Basile - CLSA
Roger Samuel - Jefferies
Siraj Ahmed - Citigroup
Roy Van Keulen - Morningstar
Andrew Gillies - Macquarie
Tom Beadle - Jarden
Stuart Turner - Blue Ocean Equities
Presentation
Operator
Thank you for standing by. Welcome to the WiseTech Global Limited First Half 2024 Financial Year Results presented by CEO and Founder Richard White; and CFO, Andrew Cartledge. [Operator Instructions]
I would now like to hand the conference over to Mr. Richard White, CEO and Founder. Please go ahead.
Richard White
Good morning, everyone, and thank you for joining us today for our first half 2024 financial year results briefing. Before we look at the financial highlights, I want to draw your attention to four key points we'd like to focus on in today's results. We have delivered a strong first half performance with our margin rate ahead of expectations as we continue to execute on our 3P strategy. We have invested over $1 billion in product development over the last five years with our accelerate rate of R&D investment and improved productivity over the last 12 months set to continue.
This increasingly powerful engine underpins our product delivery and drives revenue growth for WiseTech and value creation for our customers. We continue to enhance CargoWise's landside logistic capability with the addition of MatchBox Exchange, which we acquired in October, while the integration of all our recent acquisitions is progressing well. And lastly, CargoWise's momentum continued with three new large global freight forwarder rollouts including Sinotrans, which is a top 25 global freight forwarder, meaning we now have 13 of the top 25 on global rollouts.
I would like to call out the passion, dedication, hard work and focus of our team of more than 3,300 people around the world. I thank them all for the work they do. Our success is only possible because of their efforts. ...
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WiseTech Global Limited (WTCHF) Q2 2024 Earnings Call Transcript