WANdisco has announced a $7.1m follow-on agreement with a large European automotive components supplier. This takes total disclosed bookings this year to $59.1m versus our FY forecast of $60m, meaning that upside to this KPI forecast now looks very probable. The Q3 update will give us more visibility on the rate at which customers are starting to use this data – which will see bookings flow through to the P&L. We will revise our estimates at that stage but see sizable uplift potential at all KPI levels, particularly in the 2023 timescale.
04 Oct 2022
WANdisco - $7.1m deal provides further upside potential
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WANdisco - $7.1m deal provides further upside potential
Cirata Plc (CRTA:LON) | 44.8 0.4 2.3% | Mkt Cap: 51.4m
- Published:
04 Oct 2022 -
Author:
Dan Ridsdale -
Pages:
2
WANdisco has announced a $7.1m follow-on agreement with a large European automotive components supplier. This takes total disclosed bookings this year to $59.1m versus our FY forecast of $60m, meaning that upside to this KPI forecast now looks very probable. The Q3 update will give us more visibility on the rate at which customers are starting to use this data – which will see bookings flow through to the P&L. We will revise our estimates at that stage but see sizable uplift potential at all KPI levels, particularly in the 2023 timescale.