We recap the fiscal 2024 results from Wise PLC. The company is generating profitable growth from its global money transfer business while pushing into new financial products. The stock looks attractive following a recent selloff from its 52-week-high.
Wise plc (OTCPK:WPLCF) Q4 2024 Earnings Conference Call June 13, 2024 4:30 AM ET Company Participants Martin Adams - Director, Investor Relations Kristo Käärmann - Co-Founder and Chief Executive Officer Harsh Sinha - Chief Technology Officer Kingsley Kemish - Chief Financial Officer Conference Call Participants Justin Forsythe - UBS Kim Bergoe - DB Numis Orson Rout - Barclays Gautam Pillai - Peel Hunt Alex Short - Berenberg Aditya Buddhavarapu - Bank of America Adam Wood - Morgan Stanley Daniel Sykes - Redburn Atlantic Hannes Leitner - Jefferies Josh Levin - Autonomous Andrew Bauch - Wells Fargo Operator Martin Adams Hello. Good morning.
Wise is upping its investment in payment infrastructure as its customer base grows. The U.K.-based money transfer firm on Thursday (June 13) released year-end results showing double-digit percentage increases in revenue and customer numbers.
British payments company Wise said it expects underlying year-over-year income growth of 15-20% for the full-year ending March 2025. That's lower than the 31% underlying income growth Wise reported in its results for the fiscal year that ended March 31.
Curtiss-Wright is a renowned company in the aerospace industry with a rich history dating back to 1929. The company serves four segments: Aerospace, Ground & Naval Defense; Commercial Aerospace; Power & Process; and General Industrial. CW has strong growth, especially in the defense sector and the nuclear industry, where it is ideally positioned.
A diversification away from Wise PLC (LSE:WISE)'s core foreign exchange offerings will “drive the next leg of growth”, Barclays analysts said in a Tuesday research note. Analysts upgraded the London-listed financial technology group, noting this diversification strategy “offers sufficient levers to continue growth” of more than 20% in the mid-term at a roughly 25% margin.
A diversification away from Wise PLC (LSE:WISE)'s core foreign exchange offerings will “drive the next leg of growth”, Barclays analysts said in a Tuesday research note. Analysts upgraded the London-listed financial technology group, noting this diversification strategy “offers sufficient levers to continue growth” of more than 20% in the mid-term at a roughly 25% margin.