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After a 35% jump, is the WiseTech share price overvalued? – Motley Fool Australia
The WiseTech share price rocketed 34.5% higher yesterday after a bumper earnings result, but is the tech company still a buy?
The WiseTech Global Ltd (ASX: WTC) share price rocketed 34.5% higher yesterday, but is the Aussie tech share overvalued?
Why did the WiseTech share price surge 35%?
The big factor was a bumper full-year earnings result from the logistics software company.
Total revenue for WiseTech grew to $429.4 million, up by 23% on the prior year. That included a 20% jump for its CargoWise core platform with revenue from newly acquired businesses up 29% to $166.4 million.
Earnings before interest, taxes, …
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