WiseTech's Job Cuts Give It Time to Accelerate Revenue -- Market Talk

Dow Jones
Feb 26

0021 GMT - WiseTech Global's bulls at Macquarie think that savings generated by the logistics-software provider's job cuts buys it time to accelerate revenue. Keeping an outperform rating on the stock, analysts at the investment bank tell clients in a note that the Australian company could even extract further costs following the removal of 29% of its workforce. They point out that the consulting business WiseTech acquired through its takeover of E2Open reported negative earnings in FY 2025. The analysts hint that this could be targeted as WiseTech shifts to recurring revenues and external partners. Macquarie lifts its target price 3.9% to A$97.70. Shares are up 5.9% at A$50.56. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

February 25, 2026 19:21 ET (00:21 GMT)

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