WANdisco PLC - Sheffield-based data-management software company - Says it saw "strong" trading in the fourth quarter of 2021. Puts this down to "significant" contract wins both directly and with its cloud channel partners. Bookings in the fourth quarter increased by 30% to USD8.4 million from USD6.5 million in the comparable period a year before. Expects 2021 revenue in line with market expectations upgraded in December.
Bookings for 2021 increased 17% to USD11.9 million from USD10.2 million, year-on-year. Remaining performance obligations is expected to be USD9.4m for year, up 92% from the year before. Anticipates a year-end cash position of roughly USD27.8 million, a 32% increase on the prior year. States that the "high visibility" of its near term business pipeline underpins its confidence in "strong" trading in 2022.
Current stock price: 307.00 pence, down 2.5% on Wednesday
12-month change: down 38%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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