By Stuart Cond
SYDNEY — WiseTech Global Ltd. It was able to boost hiring in the six months to June after job seekers focused attention on company profitability, CEO Richard White said.
Wiz Tech has increased its revenue by 119 to 1,979 in fiscal 2022. Mr. White said on Wednesday that literate workers should pay new attention to job security.
By 2022, rising funding costs, inflation and weak consumer sentiment have hit the tech stage as investors pay attention to companies with experience in climate change due to climate change.
In the year Wiztech, which has been profitable every year since listing in 2016, will hire from privately held companies and startups in 2022, Mr. White told The Wall Street Journal in an interview.
“Anyone looking to move jobs or even people who are in stable jobs is concerned about the long-term success of the company,” Mr. White said.
“If you’re the last person in a tech startup, you’re the first person in when things don’t go well.”
Whiz Tech raised its dividend and saw additional revenue growth after winning new customers and raising prices, helping it grow its annual profit by 72 percent.
Wages rose 1.5% to A$236.3 million (US$163.8 million) and total employee benefits rose 4.8% to A$286.2 million, as Wiztech responded to competition for skilled labor by increasing equity-based compensation to support employee retention.
Australia’s S&P/ASX 200 benchmark index of the technology sector in 2016 It’s down 28 percent so far in 2022, while the tech-heavy Nasdaq Composite is down 21 percent. Shares of WizTech are down 0.1% over the same period after jumping 10% on Wednesday’s fiscal 2022 earnings announcement.
“Six months ago there was just so much work and everyone was throwing money at everything. We had to work hard to get hold of people, but we were very successful at that,” Mr White said.
Write to Stuart Condie at stuart.condie@wsj.com
