WANdisco Plc Q2 2014 Bookings Update (5530M)
July 17 2014 - 2:00AM
UK Regulatory
TIDMWAND
RNS Number : 5530M
WANdisco Plc
17 July 2014
WANdisco plc
("WANdisco" or the "Company")
17 July 2014
Q2 2014 Bookings Update
Q2 2014 Bookings increase 11% to $3.4m
Big Data progress with a new customer win and a new Oracle
partnership
Highlights
-- Bookings up 11% on prior year
-- Another new Big Data customer and prospective customers advancing their evaluations
-- OhmData acquisition brings in HBase development expertise
-- Oracle Big Data Appliance partnership opens major new distribution channel
London, UK - WANdisco (LSE: WAND), the leading provider of
continuous availability software for global enterprises to meet the
challenges of Big Data, reports a strong second quarter of the
financial year with subscription bookings increasing by 11%
compared with the prior year.
As is usual in our subscription model, these bookings had a high
upfront cash content, supporting the company's net cash position.
Full financial results for the first half of 2014 will be released
on 18 September.
$3.3m of bookings in the quarter came from our well-established
Application Lifecycle Management products, representing 9% growth
compared with $3.1m in last year's second quarter. Bookings were
impacted by delayed purchase decisions on the part of some of our
larger global customers. Notable new customers this quarter
included Polycom and PetSmart. In addition, there were some
significantly sized renewals from existing customers such as Fannie
Mae and Pixelworks. Many customers extended the usage of our
product across their organisations, including Pitney Bowes and
Huawei. Multi-year contracts continue to be prevalent, particularly
amongst the larger deals.
$0.1m of bookings in the quarter came from our Big Data products
(Q2 2013: $0.2m), comprising a new subscription from a wholesale
logistics technology provider to the pharmaceuticals industry. For
prospective Big Data customers, we progressed a number of
pre-contract evaluations, in which we are running our Non-Stop
Hadoop software on the data centre infrastructures of global
corporations. We expect a significant proportion of these
evaluations to convert to subscription contracts by the end of the
year.
Our partnerships with Cloudera and Hortonworks continued to
develop this quarter as we have worked jointly to advance and
expand key Big Data opportunities. After the end of the quarter we
became a certified partner of Oracle in its Oracle Big Data
Appliance programme of applications for its Big Data hardware. The
partnership has been given additional impetus by the request of one
of WANdisco's prospective customers in automotive manufacturing to
run Oracle appliances in conjunction with WANdisco's Non-Stop
Hadoop continuous availability layer. More information is contained
in a separate announcement released today.
During the quarter we acquired San Francisco-based OhmData Inc.
("OhmData"), a developer of database solutions based on HBase, a
core component of the Hadoop stack for processing large-scale data
sets in real-time, for an enterprise value of approximately $2.1m,
paid in WANdisco stock. Working alongside WANdisco's existing Big
Data and distributed computing experts, OhmData will enhance
WANdisco's ability to develop further ground-breaking replication
technology, not least because of the ability to commit new Hadoop
code to improve integration between WANdisco's products and the
Hadoop Open Source platform.
David Richards, WANdisco Chief Executive Officer, comments:
"During this quarter we progressed well on a number of fronts.
Our Application Lifecycle Management business continued to deliver
solid bookings flows through new wins, high renewal rates and
expanded usage. In Big Data, we added a new customer developing
industry-leading commercial analytics, and our evaluations with
prospective customers moved forward, expanding in scale. A new
partnership with Oracle, deepening partnerships with Cloudera and
Hortonworks, and acquiring the HBase skills of OhmData, all moved
our strategy forward."
For further information please contact:
via FTI Consulting
WANdisco plc LLP
David Richards, Chief Executive Officer
Paul Harrison, Chief Financial Officer
Phil Branston, VP Corporate Development
and Investor Relations
--------------------
FTI Consulting LLP +44 (0)20 3727 1000
--------------------
Matt Dixon / Sophie McMillan / Jon Snowball
/ Roger Newby
--------------------
Investec Bank plc (Joint Broker and Nominated
Adviser) +44 (0)20 7597 4000
--------------------
Christopher Baird / Dominic Emery
--------------------
UBS Investment Bank (Joint Broker) +44 (0)20 7567 8000
--------------------
Rahul Luthra / Sandip Dhillon
--------------------
About WANdisco
WANdisco (LSE: WAND) 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 continuous availability requirements, including
Hadoop Big Data and Application Lifecycle Management (ALM),
including Apache Subversion and Git. Fortune Global 1000 companies,
including Juniper Networks, Motorola, and Halliburton, rely on
WANdisco for performance, reliability, security and availability.
For additional information, please visit www.wandisco.com.
Disclaimer
This announcement contains forward-looking statements that are
based on current expectations or beliefs, as well as assumptions
about future events. Undue reliance should not be placed on any
such statements because they are subject to known and unknown risks
and uncertainties and can be affected by other factors that could
cause actual results, and WANdisco's plans and objectives, to
differ materially from those expressed or implied in the
forward-looking statements. WANdisco undertakes no obligation to
revise or update any forward-looking statement contained within
this announcement, regardless of whether those statements are
affected as a result of new information, future events or
otherwise, save as required by law and regulations.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
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