WiseTech Global Ltd and Xero Ltd are two of the ASX's most popular technology shares.
Moving freight around the world involves customs, warehousing, transport, compliance, and plenty of other moving parts.
The e2open acquisition has increased the size of the business and gives WiseTech more technology and customer relationships to work with.
WiseTech offers the possibility of a strong recovery if earnings grow as expected and confidence returns, while Xero gives me exposure to a business that is still expanding through a large global small business market.
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WiseTech Global Ltd and Xero Ltd are two of the ASX's most popular technology shares.
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The article, shortened and in plain language
WiseTech Global Ltd and Xero Ltd are two of the ASX's most popular technology shares.
The company is best known for CargoWise, the software platform used by logistics companies to manage complicated global supply chains.
Moving freight around the world involves customs, warehousing, transport, compliance, and plenty of other moving parts. Once a logistics company is managing those processes through CargoWise, changing systems can be an undertaking.
WiseTech also has plenty of room to keep expanding what customers do through the platform.
The e2open acquisition has increased the size of the business and gives WiseTech more technology and customer relationships to work with.
WiseTech still needs to integrate e2open effectively, while investors will want to see that its expected earnings growth arrives.
Its acquisition of Melio should also strengthen its position in payments and help Xero play a bigger role in how small businesses manage their money.
WiseTech offers the possibility of a strong recovery if earnings grow as expected and confidence returns, while Xero gives me exposure to a business that is still expanding through a large global small business market.
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