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IN BRIEF: WANdisco cuts interim loss as revenue jumps three-quarters

Tue, 06th Sep 2022 14:29

WANdisco PLC - Jersey-based data-management software firm - In the six months ended June 30, significantly narrows pretax loss to USD5.0 million from USD20.3 million the previous year. Revenue climbs 74% year-on-year to USD5.8 million from USD3.4 million. Adds that a "significant" proportion of contracted revenue was achieved through direct sales. Reports record bookings of USD27.3 million, up from USD2.1 million the previous year. WANdisco says trading is in line with market expectations for the full-year. Looking ahead, company says it is focused on converting its pipeline of opportunities.

Current stock price: 379.00 pence, down 0.3% in London on Tuesday afternoon

12-month change: up 26%

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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