Member Info for Hastings74

I don't know what to think, I spoke to a few people and they weren't that optimistic.

In my 25 years in the industy I've never seen orders coming in between Xmas and New Year.

Spratt, what revenue number for Q4 would make you happy?

@Lottery123

All fair points and from what I hear, there is not much going on right now.

Again, on the other side, why doesn't Kelly adjust his FC?

Doesn't make sense. I don't picture him as someone, who would wait until the last day of quarter and tell everybody "Sorry, we were wrong guys...'

As you said, Cirata's technology isn't transactional and beeing listed on Azure / GCP / AWS doesn't translate into a revenue stream automatically...

Please no insults, just my personal opinion based on the facts, that are out in the open.

What number would make you guys happy? Not the SP, based on this year and promises.

Would 5 Million be enough in Q4? Still a long way to go...

Makes sense, maybe another automotive expansion?

That might explain it.

Anyway I think it is a very good sign, that SK sticks to his forecast!

@Sinitta: maybe there won't be a diltuion on the 16th if they combine it with more more deals beeing anounced

Just a few more days to go.

Q4 is usually tbe strongest quarter in software.

I just can't get my head around this, if SK pulls that off this quarter (by that I mean if he brings in at least 6 Mil), I happy confess that I've been wrong all the time.

I just wonder where the revenue will come from?

If these were all deals under the RNS threshold, we'd be talking about 20-30 deals. How's working on them?

Won't be SK himself.

All through the channel?

If we're focusing on EMEA, even a brilliant sales guy couldn't handle 15 deals all by himself and there is just one guy left 😬.

Anybody has any insides, that she/he can share?

Https://www.databricks.com/blog/2019/10/31/solving-the-challenge-of-big-data-cloud-migration-with-wandisco-databricks-and-delta-lake.html

They've (meaning Wandisco/Cirata) been working with Databricks for ages...

So far not much revenue has been generated.

Hm, I just fear that the numbers proof to be as accurate as the the've been the 3 quarters before...

I was surpised as well that he kept his forecast...

Knowing the Hadoop market, you don't come across 20 300k deals every day... and you need sales guys who close those deals.

It would be nice if anybody would give us a little headsup what is going on right now.

A large renewal is a good sign, it shows that people still believe in the technology and trust the company.

They weren't any fake renewals announced during the Wandisco days, these were supposed to be new deals.

Pearls, you wrote earlier, that the IBM and the other partner 'deals' might bring in millions. I really doubt that, that's not how partnerships work in that space, it's not like the whole world is using hadoop. How much revenue has been generated by the Azure partnership?

Personally I'd be happy if they even bring in 4 Mil in new deals in Q4, but time is running out.

Amd yet I just can't believe that SK would stick to his forecast, if there wouldn't be at least a 85% chance to achieve it.

So I'm a bit clueless right now, what is really going on, but I guess the next weeks will enlighten us all.

We are all waiting for the big RNS to hit...

I just don't see it happening. Sorry, mate.

How about that Spratt, if Cirata brings in 8 Million until the end of year, I'll invite you to dinner next time I'm in London?

Deal?

If not we can go for a drink, we'll both need one then 😉

it happens all the time, even these days, options become worthless if a company is in decline...

if you look at the average deal size since they are called cirata (exclude the us automotive deal, because that was in place even before **** hit the fan), i just can't imagine that they even come close to fill the gap.

a lot of partnership anouncements, but not much revenue through the channel.

excatly like the azure, aws partnerships...

really, i hope that this month proofs me wrong.

You know how many Options Millionaires werr running around during the dot.com years?

I hope I'm wrong but I just don't see them even coming close to their targets.

Just my industry knowledge speaking.

Wouln't be the first company where the options turn out be worthless...

We're short at least 9 Million...

Let's see what happens.

At that it's just gamble.

Spratt, you have to agree bringing up 3 year old refenrences oozes desperation.

...and on the other I just can't believe that Kelly wouldn't adjust his forecast, if there wasn't something significant in the pipeline...

That AT&T is years old... David Richards brought up that success story all the time...

Why couldn't they repeat that with another telco?

Show me interviews with VP's that bought Cirata...

Not a good sign.

I know. There were so many promises iver the last few months.

It's time to deliver.

Have a nice weekend everyone!

Spratt, I agree with you to some extent. One big deal and the SP will soar again.

What worries me that we've been waiting for that for more than a year now.

Q4 is usually the strongest quarter for most companies, but I just don't see how they will hit their numbers.

I'd like to believe SK, by my industry knowledge (look at the average deal size so far) tells me otherwise.

Does anybody still believe that they hit their numbers?

Yes, a lot of company revise their targets, but this a different story.

The gap seems to be so huge...

Has naybody heard back from IR?

I wrote to Daniel Hayes (IR) several times and he is usually quite responsive.