Why are ASX 200 tech shares having such a cracker of a day?

It’s been a day of total happiness on the ASX boards this Wednesday up to now. On the time of writing, the S&P/ASX 200 Index (ASX: XJO) has gained a wholesome 0.7% and is again over the 9,000 level threshold. However some ASX 200 tech shares are doing even higher than that.

Take the WiseTech International Ltd (ASX: WTC) share value. It’s at the moment up a whopping 11.68% at $59.19 a share. As we went through earlier today, these beneficial properties appear to be a direct results of the pleasing earnings report for FY2022 that WiseTech dropped this morning.

Not solely did the logistic firm report a 25% surge in revenues and an 80% rise in net profits, however the firm hiked its remaining dividend to a report excessive of 6.4 cents per share.

So it’s not laborious to see why WiseTech shares are on fireplace in the present day. However this firm isn’t the one one tearing it up.

Extra ASX 200 tech shares on fireplace in the present day

Altium Restricted (ASX: ALU) shares are additionally doing nicely, though not fairly in addition to WiseTech. The ASX 200 tech share and software-as-a-service (SaaS) firm has placed on a sturdy 2.29% thus far in the present day to $36.66 a share.

That’s after rising as excessive as $437.20 this morning (up 3.2%). Altium shares have been booming ever since the company dropped its own earnings report yesterday. The corporate is now up a lovely 22.6% since Monday’s shut.

As we coated yesterday, Altium had some pleasing numbers of its personal to indicate off. These included a 23% rise in revenues and a 57% enhance in web earnings.

One other ASX 200 tech share value trying out in the present day is Hyperlink Administration Holdings Ltd (ASX: LNK). Hyperlink shares are additionally having fun with a while within the solar in the present day, up a wholesome 1.87% on the time of writing to $4.36 a share.

On Monday, Hyperlink traders had been unsure after the company revealed that it was moving forward with an acquisition supply. Hyperlink’s administration really useful stakeholders vote for a lowered $4.81 per share supply from Dye & Durham. So heaps happening there.

All in all, it has been a really optimistic day for ASX 200 tech shares. Little question that’s simply what traders wanted after the tough few days we’ve seen on the ASX not too long ago.