WANdisco’s trading update confirms the positive start to the year, with bookings ($10.2m, + 73% y-o-y) and cash burn ($0.6m) significantly better than the run rate implied by our FY estimates. We believe that positive momentum should continue into H2 both financially and from a strategic perspective, with the addition of other tier one strategic partners being a key milestone to look for.
25 Jul 2017
Strong H1, expect momentum to continue
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Strong H1, expect momentum to continue
Cirata Plc (CRTA:LON) | 45.7 -0.5 (-2.6%) | Mkt Cap: 52.5m
- Published:
25 Jul 2017 -
Author:
Dan Ridsdale -
Pages:
3
WANdisco’s trading update confirms the positive start to the year, with bookings ($10.2m, + 73% y-o-y) and cash burn ($0.6m) significantly better than the run rate implied by our FY estimates. We believe that positive momentum should continue into H2 both financially and from a strategic perspective, with the addition of other tier one strategic partners being a key milestone to look for.