Q2 2013 Bookings Update

RNS Number : 5779J

WANdisco Plc

18 July 2013

 



18 July 2013

WANdisco plc

Q2 2013 Bookings Update

Q2 Subscription bookings increase by 66 per cent year-on-year

Renewal rate 109 per cent

Sheffield, UK - WANdisco (LSE: WAND), a provider of high-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 June 2013.

The Company's core ALM products continue to deliver strong subscription and renewals growth.  The period has also seen the Company make significant steps forward with its plans to target the opportunity open to it in the Big Data space.

In the second quarter of the current financial year, subscription bookings reached a record level of $3.063 million, representing a 66 per cent increase year-on-year (2012: $1.844 million, which gave 43 per cent year-on-year growth).  When combined with bookings of $3.035 million achieved in the first quarter, the Company achieved total bookings for the first half of $6.098 million: an 80 per cent increase year-on-year.

Notable new customers signed in the second quarter include Canon, Cisco, Blue Cross Blue Shield, LSI Corp, ADP and Areva.  In addition, the Company saw further significant growth in existing customer accounts including Mentor Graphics, Western Digital and Ladbrokes: each of which expanded its use of WANdisco products within its organisation.

The annualised renewal rate by booking value was 109 per cent. Renewals included Intel, Dell, Walmart, Harris, Sears, Halliburton and Disney. The second half of the year has traditionally been the stronger trading period and we anticipate this trend continuing.

The Company has already announced the release of significant new products for the fast growing Hadoop Big Data market, and these products are currently in trial with a number of customers.  These include a global high availability solution for Enterprises that use Hadoop to manage their business critical applications.

The Company secured its first Big Data customers, including a UK-based tier-1 telecommunications company and Nokia Siemens Networks ('NSN') during the period. NSN has  embedded WANdisco's Hadoop technology across its product portfolio, replacing traditional database technology.  The Company believes this latter deal will yield significant sales over the coming period.

WANdisco will report results for the first half of the financial year on Thursday, 26 September 2013.

For further information please contact:

WANdisco plc:
David Richards, Chairman and Chief Executive Officer	via FTI Consulting
Nick Parker, Chief Financial Officer
FTI Consulting:	[phone]
Matt Dixon / Sophie McMillan / Jon Snowball
Panmure Gordon & Co.	[phone]
Fred Walsh / Grishma Patel / Ben Roberts  (Investment Banking)
Adam Pollock / Charles Leigh-Pemberton (Corporate Broking)

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About WANdisco plc

WANdisco (LSE: WAND) is a provider of enterprise-ready, high-availability 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). Fortune Global 1000 companies including AT&T, Motorola, Intel and Halliburton rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.

Product and company names herein may be trademarks of their registered owners.

 

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