WANdisco’s raise of $15m net (c £10.1m) at 160p/share should support the business through to cash flow break-even in all but a bearish scenario. Equally, we believe lead indicators to support an inflection in bookings are strengthening: bookings recovered in Q1, the number of live deployments more than doubled, the first royalties from IBM are expected this year and enterprise adoption of cloud and big data appear to be accelerating.
29 Jun 2016
Stronger financial footing
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Stronger financial footing
Cirata Plc (CRTA:LON) | 66.5 0 0.0% | Mkt Cap: 76.4m
- Published:
29 Jun 2016 -
Author:
Dan Ridsdale -
Pages:
7
WANdisco’s raise of $15m net (c £10.1m) at 160p/share should support the business through to cash flow break-even in all but a bearish scenario. Equally, we believe lead indicators to support an inflection in bookings are strengthening: bookings recovered in Q1, the number of live deployments more than doubled, the first royalties from IBM are expected this year and enterprise adoption of cloud and big data appear to be accelerating.