WiseTech Global: Initiation of Coverage: Can The Ramp-Up of New Products & Innovations Up Their Game? 

WiseTech Global Limited, a developer of cloud-based software solutions for the international and domestic logistics industries, recently released its first half of 2025 financial results. The company reported revenue of $381 million, marking a 17% increase compared to the same period in 2024, with an organic revenue growth rate of 15%. CargoWise, their flagship logistics platform, exhibited strong performance with organic revenue growth of 20% and recurring revenue contributing 99% of total CargoWise revenue. EBITDA improved significantly by 28% to $192.3 million, with an EBITDA margin widening by five percentage points to 50%.