BRIEF-WiseTech Global Says AI Program Likely To Result In Reduction Of 2,000 Roles In FY26-27

Reuters
Yesterday
BRIEF-WiseTech Global Says AI Program Likely To Result In Reduction Of 2,000 Roles In FY26-27

Feb 25 (Reuters) - WiseTech Global Ltd WTC.AX:

  • PHASED HEADCOUNT REDUCTION, INITIALLY IN PRODUCT & DEVELOPMENT AND CUSTOMER SERVICE, BY UP TO 50%

  • H1 REVENUE USD 672 MILLION

  • H1 NET INCOME USD 68.1 MILLION

  • H1 ADJUSTED NET INCOME USD 114.5 MILLION

  • REAFFIRM FY26 GUIDANCE RANGE FOR REVENUE OF $1.39B-$1.44B

  • INTERIM DIVIDEND OF 6.8 CENTS PER SHARE

  • FY26 GUIDANCE RANGE EBITDA OF $550M-$585M

  • AI PROGRAM WILL LIKELY RESULT IN A REDUCTION OF APPROXIMATELY 2,000 ROLES IN FY26 AND INTO FY27

Further company coverage: WTC.AX

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10