Member Info for Hastings74

At least the Bank of A renewal was an US deal.

We're below 30 again, why did they SP even go up?

Just hope or wishfuö thinking?

I mean I'm happy for the rise, but I'm concerned that the predictions for the rest of year will proof to be as accurate as those for last year.

Anyone with a bit of understanding how the cloud market works should know, that with such a diminished salesforce and an ineffective partner org a target of 16-18 Mio is hard to achieve...

Up2Spratt, never worked for Wandisco or Cirata - when you're in sales you prefer companies who actually sell stuff.

No commission on. renewals.

Don't make things up.

Let's see if we crack 40 today.

The first GM deal was signed in 2022, they was already an agreement inplace for phase II, migration to azure.

Of course, the development in the last few days was good, but I'm not sure what the rise is really based upon.

Hi Pearls;

the IBM Bank of A deal was just a renewal, no expansion whatsoever, same goes for Tescos. Compare the values to those of the orginal deals (a bit of Linkedin digging should help) to the new values. Spratt2date seems to know Chris and Stephen very well, so he should be able to verfiy that ;-)

Same goes for all the bold statements from the partner org at Cirata. Has anything surfaced? Nope.

I have to confess I don't know that much about the stock market an his dynamics, but I know a thing or two about software, especially cloud technologies.

@Spratty: I never worked for SK or Disco Dave, my opinion is based on my industry knowledge.

Your SP predictions from last year were completly off.

Remember when you celebrated the three CRO's?

Obviously they were dead wood.

Laughing stock.

As I said before, Stephen seems to be a decent fellow, but Wandisco/Cirata is a tough nut to crack.

Go on ramping, insulting people if it makes you feel better. Not everything is personal.

The "deals" that keep the company afloat right now are basically renewals from the Wandisco days.

I haven't seen any net new deals of a decent value. Remember last time they raised money the sp was around 50p.

@Up2spratt: What is annoying so much? Can we waive the insults? It's a share chat, not a religion.

Does anybody have a clue why we're on the rise now?

Any insights from a business perspective?

What's your best guess?

Good movement.

Curious to find out what the good news are.

Spratt... remember those who bought in at 50p ;-)

Good development, let's see what Q2 brings.

The cashburn reduction is impressive, but on the other hand, they still have a pretty expensive board and a strange ratio when it comes to people on the ground and management.

He could have gotten rid of the two additional CRTO's earlier. Spratt would have probably referred to them as dead wood.

I think building a decent sales team is crucial for Cirata and everyone who's ever sold software or Saas or Paas knows that it takes time to built a sales team and a funnel.

Since there was not much movement with net new customers, my experience tells me that a growth that would bring us to cashflow breakeven is not likely to happen in 2025.

Happy to be proven wrong.

Let's see what Q2 brings.

If facts annoy you, juts listen to Caroline Leavitt.

Peace.

Pearls, you're missing the point here. IBM has been a Wandsico/Cirata partner for almost ten years now. They white-labeled Fusion as IBM Big replicate.

https://www.lse.co.uk/rns/update-on-wandisco-oem-sales-partnership-with-ibm-gr57e147n6z24nu.html

In those years, they closed Bank of A... (the much celebrated renewal...) and a few smaller ones (banking sector). They did land, but they never expanded that much.

Same goes for all Wandisc/Cirata partnerships, e.g. Databricks, Azure, GCP, Amazon, Snowflake.

This is why I'm not getting to excited about there announcements.

I think SK is a sincere and decent fellow, in a different league than Disco Dave.

Still some of the posts on Linkedin sound alike.

Good to see the SP rise.

Not sharing your interpretation of the Q1 results.

Let's see if Q2 finally brings us something else than renewals disguised as new customers.

Where did you get the information that they have an office in the Middle East?

It's not listed on their website, the office locations in Japan, South Korea and China are partner locations. They had someone in South Africa, at least one guy on Linkedin is still listed there as an Cirata employee.

I don't know if it is fair to call the US office underperforming, at least they brought in the Bank of A.... renewal.

Good to see the share price rise, I hope this is not just another hoax.

Fantastic notes from the AGM.

Brilliant Q1 numbers.

Amazing outlook.

Sounds familiar.

Hope this time it's closer to the truth than in the last two years.

@jgjam

I don't doubt that people made a lot of money with Wan/Crta, but this doesn't change the fact that the company burned through 20 Mio in investor money over the years.

I'm looking at it purely from a software/cloud market perspective and it looks like there is not enough demand for what they have to offer.

No one thought that the SP would go below 20p (Remember Spratt?) and now the same people get excited when we're close to 25p. No one talks about them anymore, that's why they keep on repeating the same old customer success stories allover again.

It's the beginning of a turnaround? If it wasn't for the renewals, they would almost have nothing to report whatsoever...

I'm missing transparency.

I challenge everybody: Name a significant new customer that they onboarded during Kelly's reign?

Facts.

The SP is up a little bit.

Let's be honest my predictions were accurate.

Yours not so much.

@JGJAM

Why is this ao personal?

It's a fxxxxng forum.

Did they kept their promises so far? No.

All I want is transparency, does anyone know how the AGM went?

Any info?