WANdisco warns over revenue fall

Big data provider WANdisco said revenue for the year ended December 31 is expected to be below analysts' expectations.

Thursday, 11th February 2016, 14:53 pm
Updated Thursday, 11th February 2016, 14:55 pm

The Sheffield-based software firm said despite new sales bookings continuing to show variability, it benefited from deferred revenue released from bookings in the previous period.

“We reduced costs progressively through the year,” added David Richards, WANdisco chief executive officer.

The volume of contract wins in big data secured in the first half was maintained in the second half WANdisco said. The latest version of its Fusion big data product was announced in December.

In its Application Lifecycle Management business, increased focus resulted in improved sales bookings towards the end of the year, the software firm added.

Further cost reductions in the second half are expected to result in a full-year adjusted loss better than analysts’ expectations.

David Richards added: “Our live customers demonstrate that our Fusion product for mixed big data, including cloud environments, is highly relevant to its marketplace.

“Our partners have recognised this by increasing their go-to-market activities with us.

“In our ALM business, I am particularly pleased with our improved sales bookings towards the end of the year, validating our increased focus on this market.

“We reduced costs progressively through the year. Whilst the timing of contract wins remains variable, I am confident that WANdisco enters 2016 on a strengthened operational footing.”