Sales of $10m in H219 fell short of the $18m implied by FY19 guidance. WANdisco will now implement large Microsoft co-sell deals via its new integrated platform; these deals are still in the pipeline and it is confident they will be closed in H120. The lower H2 run rate leads us to cut FY20 sales to $28m. However, the commercialisation of the Microsoft platform is on track and should drive a sharp acceleration in growth through the year.
04 Feb 2020
WANdisco - Deals slip but Microsoft product on track
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WANdisco - Deals slip but Microsoft product on track
Cirata Plc (CRTA:LON) | 66.5 0 0.0% | Mkt Cap: 76.4m
- Published:
04 Feb 2020 -
Author:
Dan Gardiner -
Pages:
4
Sales of $10m in H219 fell short of the $18m implied by FY19 guidance. WANdisco will now implement large Microsoft co-sell deals via its new integrated platform; these deals are still in the pipeline and it is confident they will be closed in H120. The lower H2 run rate leads us to cut FY20 sales to $28m. However, the commercialisation of the Microsoft platform is on track and should drive a sharp acceleration in growth through the year.