WANdisco PLC - Sheffield-based data-management software company - Wins two contacts with "leading information and communications technology providers" in China for about USD2.5 million. It says the contracts' 50% value are recognised as immediate revenue for WANdisco. The contracts represent a renewal and significant expansions of two existing licence agreements with key clients.
Chair David Richards says: "China remains a largely untapped market for us where we are steadily building a presence with our direct sales channel and reseller relationships. In this case, the clients are both global companies with a presence in multiple geographies. The expanded contracts showcase both the strength of our strategic alliances and the mission-critical nature of our products. We now have a solid platform to grow in this key strategic market and see a strong pipeline of potential opportunities."
Current stock price: 292.50 pence, up 3.7%
12-month change: down 24%
By Xindi Wei; xindiwei@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
