Business
Q2 2013 Bookings Update
Q2 2013 Bookings Update.
About this update from Cirata Plc
[{"type":"text","content":"\n \nRNS Number : 5779J WANdisco Plc 18 July 2013 \n \n\n \n \n \n18 July 2013\nWANdisco plc\nQ2 2013 Bookings Update\nQ2 Subscription bookings increase by 66 per cent year-on-year\nRenewal rate 109 per cent\n \nSheffield, 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.\n \nThe 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.\n \nIn 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. \n \nNotable 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.\n \nThe 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.\n \nThe 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. \n \nThe 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...