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WANdisco interim losses grow as order drop

Tue, 25th Sep 2018 09:19

(Sharecast News) - Distributed computing firm WANdisco reported a drop in first-half revenues that saw the business' losses deepen, with news of a large auto industry contract not enough to stop its shares dipping on Tuesday.For the six-month period ended 30 June the company's revenues came in at $5.7m, down 41% compared to the same period last year, with losses before tax plunging 79% to $11.2m.Sales fell amid a drop in bookings from $10.2m to $9m, with big data and cloud bookings dropping 11% to $6.2m, while source code management bookings dropped 13% to $2.8m.The AIM traded outfit had cash and cash equivalents of $18m at 30 June, up from $9.9m at the same point last year.The period also saw WANdisco expand its relationship with IBM, increasing the royalty payable to the AIM traded company from the sale of its IPs from 30% to 50% and engaging in joint engineering works with the IT giant to support IBM Big SQL and other products.Elsewhere, the firm signed an OEM sales partnership with Alibaba Cloud, filed a blockchain patent and developed its relationship with Microsoft, gaining co-sell status on Fusion software bundled with Microsoft Azure and signing three deals concerning the banking, semiconductor and retail sectors.David Richards, chief executive and chairman of WANdisco, said: "We take confidence from the early traction we are seeing with Microsoft. To sign three strategic deals through this channel so early in our relationship underpins our belief that Fusion is the only solution capable of enabling organisations to seamlessly move large volumes of critical data to the cloud, without any downtime or service disruption."On Tuesday the company also said WANdisco Fusion had been selected by a "global automotive and truck manufacturer" after an "extensive" pilot, with the contract beginning next month and initially worth $200,000 on an annualised recurring revenue basis. The initial contract covers less than 3% of the customer's data pool and the customer has identified over 20 projects that Fusion could be rolled out to.WANdisco's shares were down 8.08% at 603.00p at 0920 BST.
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4 Oct 2023 08:55

Wandisco files paperwork for Cirata rebrand

(Sharecast News) - Technology developer Wandisco confirmed on Wednesday that it has now filed all paperwork related to its rebrand as Cirata.

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11 Sep 2023 11:36

WANdisco, soon to be Cirata, reports wider loss in "traumatic time"

(Alliance News) - WANdisco PLC on Monday confirmed a near halving in revenue in the first half of 2023, leading to a wider loss, as the company soon to be renamed Cirata PLC faced a "traumatic time" amid the discovery of illegitimate purchase orders.

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11 Sep 2023 08:23

WANdisco hopes rebrand will change fortunes after a "traumatic" first half

(Sharecast News) - Shares in WANdisco dropped on Monday morning after the struggling data activation platform confirmed first-half bookings had slumped following a "traumatic time" for the company.

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30 Aug 2023 18:36

IN BRIEF: WANDisco shareholders approve name change to Cirata

WANdisco PLC - Sheffield, England-based data migration platform - Reports all resolutions at annual general meeting were passed. The passing of resolution 14 enables company to change name to Cirata. The new name is intended to provide a new and positive canvas where the company can build positive brand equity going forward. Chief Executive Stephen Kelly says: "It's time to focus our collective attention on the future and do everything we can to help drive the growth plan forward."

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23 Aug 2023 15:42

UK shareholder meetings calendar - next 7 days

Thursday 24 August 
Ananda Developments PLCAGM
Concurrent Technologies PLCAGM
CyanConnode Holdings PLCAGM
Nuformix PLCAGM
Oryx International Growth Fund LtdAGM
ThomasLloyd Energy Impact Trust PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re market purchases of its own ordinary shares
Friday 25 August 
Honye Financial Services LtdAGM
Iconic Labs PLCAGM
Ormonde Mining PLCAGM
Ormonde Mining PLCEGM re AIM delisting and proposed investment in TRU Precious Metals Corp
Monday 28 August 
no events scheduled 
Tuesday 29 August 
Axiom European Financial Debt Fund LtdEGM re liquidation of the company
Livermore Investments Group LtdAGM
TomCo Energy PLCAGM
Wednesday 30 August 
Esken LtdAGM
Gfinity PLCGM re share capital reorganisation
Global Connectivity PLCAGM
Gresham House PLCGM re takeover
Kinovo PLCAGM
Lindsell Train Investment Trust PLCAGM
Vistry Group PLCGM re directors' remuneration policy
WANdisco PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Aug 2023 16:55

LONDON MARKET CLOSE: FTSE falls on rate fears and niggling China worry

(Alliance News) - Stock prices in London closed lower on Wednesday, with interest rate-sensitive stocks on the back foot, as a robust core inflation reading poured cold water on hope of a Bank of England pause.

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16 Aug 2023 08:50

WANdisco shares up as inks multi-project contract with General Motors

(Alliance News) - WANdisco PLC shares jumped on Wednesday, after it said that it has signed a multi-project contract with General Motors Co.

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26 Jul 2023 10:27

IN BRIEF: WANdisco confirms interim CEO and finance chief in post

WANdisco PLC - Sheffield, England-based data migration platform - Interim Chief Executive Officer Stephen Kelly joins the board and is confirmed as permanent CEO, having served in an interim capacity since early May. He is joined by Interim Chief Financial Officer Ijoma Maluza, who has been confirmed in post and also joins the board after serving in an interim capacity since early May. Chief Scientists Yeturu Aahlad steps down from board but will remain part of executive team. Says Interim Non-Executive Chair Ken Lever will remain in post, while a formal process to identify a permanent chair has now begun after completion of the refinancing and lifting of share suspension. Also notes two non-executive director appointments alongside one non-executive

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26 Jul 2023 07:52

LONDON BRIEFING: Lloyds raises guidance; Rio Tinto profit down

(Alliance News) - Stocks in London are called to open lower on Wednesday, following a slew of earnings from UK companies, as well as an interest rate decision from the US Federal Reserve.

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25 Jul 2023 16:55

LONDON MARKET CLOSE: China firepower plan boosts FTSE 100 before Fed

(Alliance News) - Stock prices in London closed higher on Tuesday, with hopes of stimulus measures in China adding impetus, before focus turns to the Federal Reserve, which announces its latest interest rate decision on Wednesday.

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25 Jul 2023 11:06

WANdisco returns to market after delayed results, $30m fundraise

(Sharecast News) - Shares in data specialist WANdisco were tumbling on Tuesday, as it returned to trading after the publication of its delayed results, and the completion of a $30m fundraise.

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25 Jul 2023 10:04

AIM WINNERS & LOSERS: N4 Pharma shares jump on grant of US patent

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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25 Jul 2023 09:36

WANdisco shares dive by 96% on disappointing return to trading

(Alliance News) - WANdisco PLC shares plummeted 96% on Tuesday, after the company's share returned following its five month suspension.

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19 Jul 2023 09:23

Herald Investment net value slightly reduced but shares still up

(Alliance News) - Herald Investment Trust PLC on Wednesday reported a slight decrease in its net asset value and mixed investee performances, but said its portfolio remains generally sound overall.

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17 Jul 2023 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 18 July 
Alkemy Capital Investments PLCAGM
Bloomsbury Publishing PLCAGM
CT Property Trust LtdGM re takeover by LondonMetric Property
e-Therapeutics PLCAGM
MobilityOne LtdEGM re Tete planned JV deadline extension
SmartSpace Software PLCAGM
Strategic Minerals PLCAGM
Wynnstay Properties PLCAGM
Wednesday 19 July 
Berkeley Energia LtdAGM
Caledonian Trust PLCAGM
DG Innovate PLCAGM
Experian PLCAGM
HICL Infrastructure PLCAGM
Invinity Energy Systems PLCAGM
JPMorgan European Discovery Trust PLCAGM
Mind Gym PLCAGM
Sportech PLCGM re share capital restructure
Triple Point Income VCT PLCAGM
Thursday 20 July 
ACG Acquisition Co LtdEGM re acquisition of the Atlantic Nickel
Big Yellow Group PLCAGM
CT UK High Income Trust PLCAGM
Evgen Pharma PLCAGM
FD Technologies PLCAGM
Fidelity China Special Situations PLCAGM
Fuller, Smith & Turner PLCAGM
GB Group PLCAGM
Halma PLCAGM
Intermediate Capital Group PLCAGM
International Distributions Services PLCAGM
Johnson Matthey PLCAGM
Kingspan Group PLCEGM re delisting
Pennon Group PLCAGM
Premier Foods PLCAGM
Premier Miton Group PLCAGM
Qinetiq Group PLCAGM
SSE PLCAGM
TR Property Investment Trust PLCAGM
VP PLCAGM
Weiss Korea Opportunity Fund LtdAGM
Friday 21 July 
Bidstack Group PLCAGM
Fadel Partners IncAGM
FirstGroup PLCAGM
Majestic Corp PLCAGM
National Milk Records PLCGM and court meeting re acquisition by Associated British Foods PLC
Northern Venture Trust PLCGM re party transaction
United Utilities Group PLCAGM
Monday 24 July 
Barryroe Offshore Energy PLCEGM re proposed cancellation of admission to trading on AIM
Cranswick PLCAGM
discoverIE Group PLCAGM
MobilityOne LtdAGM
Plus500 LtdEGM to authorise share re-purchase
TClarke PLCGM re necessary resolutions to shareholders for placing of new ordinary shares
WANdisco PLCGM re increase of share capital
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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