WiseTech Global Ltd's stock surged 9.72% intraday on Wednesday, driven by the company's release of robust first-half financial results and the announcement of a significant AI-powered efficiency program.

The logistics-software provider reported first-half revenue of $672 million, a 76% increase year-over-year, and adjusted net income of $114.5 million. The company also reaffirmed its full-year guidance, expecting revenue between $1.39 billion and $1.44 billion and EBITDA in the range of $550 million to $585 million.

Investors reacted positively to the company's plan to implement AI to boost profitability, which includes a phased headcount reduction of approximately 2,000 roles, primarily in product development and customer service. CEO Zubin Appoo stated that AI will structurally lower costs and amplify productivity, marking a shift from manual coding. The board declared an interim dividend of 6.8 cents per share, supporting shareholder returns.