The WiseTech Global Ltd (ASX: WTC) share price has jumped 15 cents higher to $8.15, another all time high.
The company debuted on the ASX back in April 2016 last year at a price of $3.35 per share, meaning the Wisetech share price has now jumped 143% higher since its IPO.
Last month the software-as-a-service freight and logistics software company reported revenue grew 50% to $153.8 million and statutory EBITDA increased 71% to $53.9 million, while forecasting EBITDA growth between 32% and 39% in FY 2018.
Whilst WiseTech Global shares are by no means cheap at over 50x forward earnings estimates, the company has a long runway for growth that goes some way to justifying the premium.
After all, although WiseTech has over 7,000 customers in over 125 countries, management believes that its global penetration is still at an early stage.
