The WiseTech Global Ltd (ASX: WTC) share price rose 2.9% to an intraday high of $96.88 on Friday.
The stock has retreated a little since then to be trading at $95.81, up 1.75%.
Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is experiencing a day in the green, up 0.8% at the time of writing.
So, what's going on with the ASX 200's largest tech share today?
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Why did WiseTech shares rise 3% on Friday?
There is no price-sensitive news out of WiseTech today.
However, the stock has gone ex-dividend, so it's defying the usual trend of falling in value on this date.
It's typical for an ASX share to fall on its ex-dividend date because it's no longer trading with the next dividend attached.
With the official earnings season now over, WiseTech is one of more than 35 ASX shares going ex-dividend this week.
WiseTech shares will pay a final dividend of 11.9 cents on 10 October.
What did WiseTech report for FY25?
WiseTech reported a 14% year-over-year increase in revenue to $778.7 million for FY25.
The CargoWise platform performed particularly well, delivering revenue of $682.2 million, up 18% from FY24.
Reported earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 17% to $381.6 million.
The EBITDA margin rose 1% to 49%.
WiseTech CEO Zubin Appoo said:
WiseTech's FY25 results reflect a solid financial foundation and demonstrate the resilience and scalability of our business model and commitment to sustainable value creation – positioning us strongly for the opportunities ahead.
Our margin performance highlights the underlying operating strength of the business and continued momentum we're seeing with our new and existing Large Global Freight Forwarder customers, as they continue to consolidate and expand their use of the CargoWise application suite.
Investors were not impressed by the numbers.
The ASX 200 tech stock tumbled 13.8% within two days of the report.
That made WiseTech shares one of the heaviest fallers of earnings season post-results.
Wisetech shares have since fallen a further 4%.
ASX 200 tech share snapshot
The WiseTech share price has fallen 27% over the past 12 months.
Back in November last year, the stock reached a record high of $141.61 apiece.
Hence, it's lost 32% of its market capitalisation since then.
The company has been plagued by governance concerns, including board changes and scrutiny of WiseTech founder Richard White, and worries over valuation and earnings growth.
Following WiseTech's FY25 report, several brokers re-rated the ASX 200 tech stock.
Check out four expert views on whether WiseTech shares are a buy, hold, or sell here.
