WANdisco has raised $25m (gross) through a placing of 3.1m shares at 650p. The proceeds will cover the investment needed to embed LiveData with other cloud vendors while sales from Microsoft Azure build. The accompanying publication of FY19 results enables us to update forecasts. COVID-19 related delays to the Azure revenue ramp lead us to lower FY20 revenues from $28m to $20m; EBITDA losses widen from $5m to $11m. As our recent update note highlighted, WANdisco still expects to sign more tha
15 Jun 2020
WANdisco - Placing, FY19 results and forecast update
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WANdisco - Placing, FY19 results and forecast update
Cirata Plc (CRTA:LON) | 66.5 0 0.0% | Mkt Cap: 76.4m
- Published:
15 Jun 2020 -
Author:
Dan Gardiner -
Pages:
4
WANdisco has raised $25m (gross) through a placing of 3.1m shares at 650p. The proceeds will cover the investment needed to embed LiveData with other cloud vendors while sales from Microsoft Azure build. The accompanying publication of FY19 results enables us to update forecasts. COVID-19 related delays to the Azure revenue ramp lead us to lower FY20 revenues from $28m to $20m; EBITDA losses widen from $5m to $11m. As our recent update note highlighted, WANdisco still expects to sign more tha