Business
Q4 2013 Bookings Update
Q4 2013 Bookings Update.
About this update from Cirata Plc
[{"type":"text","content":"\n \nRNS Number : 6616X WANdisco Plc 15 January 2014 \n \n\n \n \n \n \n15 January 2014 \n \n \n \nWANdisco plc\n \nQ4 2013 Bookings Update\n \nQ4 Subscription bookings increased by 71 percent year-on-year\n \nSheffield, UK - WANdisco plc (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 final quarter of the year ended 31 December 2013.\n \nIn the fourth quarter, subscription bookings totalled $4.3m: a record Q4 performance (Q4 2012: $2.5m) and representing a 71 percent year-on-year growth rate. This brings bookings for the full year to a total of $14.8m (FY 2012: $7.92m), representing year-on-year growth of 87 percent.\n \nThe ALM business continued to deliver strong growth and sales traction in Q4. ALM bookings in the fourth quarter stood at $4.3m (Q4 2012: $2.5m), representing 71 percent year-on-year growth. Progress in ALM continues to be driven by two factors. One driver is the addition of new, first time customers excited by the potential of our software such as Goldman Sachs, Manulife Financial Corporation, SanDisk, Marvell Technology Group, T. Rowe Price, H3C Technologies, Tangoe Inc. and ASML Holding. The second driver is returning customers, an increasing number of whom are extending their deployment of our software across their organisations and are choosing to make multi-year commitments to our Subversion and GIT solutions. Several major renewals were secured during the quarter including NCR and Juniper Networks.\n \nIn the Big Data market, we continue to make good progress. We are currently engaged in a number of Proofs of Concept (\"PoC\") with potential enterprise customers for our Big Data solutions. We are excited by the potential of these PoCs and would anticipate that a number of them will evolve in to customer relationships during the 2014 financial year. \n \nIn addition, we continue to make important steps forward in building out the channel partner base through which future enterprise sales can be delivered. To that end we were pleased to announce on 11 December 2013 a new partnership with Cloudera, a leadi...