As the reporting season wraps up, WAAAX shares have provided mixed outcomes.
Australia’s answer to the United States’ FAANG shares (Facebook, Amazon, Apple, Netflix, and Google), WAAAX consists of 5 ASX technology shares.
These are WiseTech Global Ltd (ASX: WTC), a logistics platform provider; Afterpay Ltd (ASX: APT), the buy now, pay later behemoth; and Altium Limited (ASX: ALU), an electronics design software provider. It also includes Appen Ltd (ASX: APX), which provides data used in training artificial intelligence (AI) systems, and Xero Limited (ASX: XRO), a cloud-based accounting software provider.
So how have WAAAX shares performed this reporting season? Let’s take a look.
Wisetech is navigating the…