15 Oct 2013 07:00
15 October 2013
WANdisco plc
Q3 2013 Bookings Update
- Q3 subscription bookings increase by 120 per cent year-on-year -
Sheffield, UK - WANdisco (LSE: WAND), a provider of continuous availability software for global enterprises to meet the challenges of Big Data and distributed software development, is pleased to provide the following update for the three months ended 30 September 2013.
Total bookings for Q3 2013 were $4.4M (Q3 2012: $2.0m) driven by further strong subscription growth in our ALM business and accompanied by encouraging early momentum in the Big Data market.
In the ALM market, the company continues to deliver very strong bookings growth resulting from both the addition of new, blue chip customers and renewals from existing customers. ALM bookings in Q3 were $4.3M (Q3 2012: $2.0M) representing 115% year-on-year growth. We were pleased to secure fresh, multi-year commitments from a number of major customers reflecting the unique value our products provide. The strength of our customers' loyalty is further reflected in the fact that all customers due to renew their subscriptions in the period have committed for a further year.
In the Big Data market, we have continued to make important progress in establishing our brand presence, opening up our routes to market, proving our product's unique capabilities and securing our first sales in key geographies. In Q3 2013, these efforts were reflected in Big Data bookings of $54,000 (2012: $nil). During the quarter, we secured Miaozhen as our first customer in China: a leading on-line advertising agency, which will OEM WANdisco's Non-Stop Hadoop product to its substantial customer base. On 26 September 2013, we announced a ground-breaking strategic partnership with Hortonworks, Inc. Hortonworks is a leading distributor of enterprise ApacheTM Hadoop®; the underlying database technology that powers a wide range of large-scale, global Big Data deployments. This partnership represents a defining moment in our strategy to become the de-facto continuous availability standard in the Big Data market. We are presently working with Hortonworks to engineer the inter-operability of our solutions and define our go-to-market strategy.
Commenting on these results, David Richards, Executive Chairman and CEO, said:
"We are pleased to report, once again, very strong growth in bookings this quarter. Customers in the ALM market are showing a readiness to make multi-year commitments to our enterprise product, demonstrating its unique value and their confidence in WANdisco. At the same time, the Hortonworks alliance represents an important milestone in our strategy to become the de facto continuous availability standard for Big Data. Given each of these indicators, and supported by this strong Q3 performance, we remain confident in our outlook for the year."
WANdisco will report Q4 2013 bookings on 15 January 2014 and preliminary results for the year ending 31 December 2013 on 20 March 2014.
Ends
For further information please contact:
WANdisco plc | via FTI Consulting LLP |
David Richards, Chairman and Chief Executive Officer Paul Harrison, Chief Financial Officer
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FTI Consulting LLP | +44 (0)20 7831 3113 |
Matt Dixon / Sophie McMillan / Jon Snowball
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Panmure Gordon & Co. | +44 (0)20 7886 2500 |
Fred Walsh / Grishma Patel / Ben Roberts (Investment Banking) Adam Pollock / Charles Leigh-Pemberton (Corporate Broking)
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About WANdisco plc
WANdisco (Wide Area Network Distributed Computing) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and availability. WANdisco's products are differentiated by the company's patented, active-active data replication technology, serving crucial high availability (HA) requirements, including Hadoop Big Data and Application Lifecycle Management (ALM).
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