Cirata plc (CRTA) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Serata's H1 update. And what we're going to start with is the essence of what Serata does for some of the largest corporations on the planet. What we allow them to do is move massive amounts of data to support their generative AI strategies and their data analytics strategies at vast scale and complexity, orchestrating these transfers across many environments from on-premise to cloud and do it seamlessly across locations. So when we look back at some of the highlights of the first half, and obviously with the quarterly reporting that Serata does for investors, we make sure that we're providing transparency and regular updates, but it's a good moment to pause and look at some of the highlights. Obviously, last year was very much about the rescue of the company, and this year is really all about recovery. So the transformation plans we put in place last year are now operationally in the business as usual. We did do a checkpoint in the first quarter around reviewing the strategy, talking directly to customers and partners and really validating the direction of travel for the company. And that's really allowed us to accelerate on the product roadmap. I'm pleased with the progress we're making both on the data integration business and the DevOps with some of the new releases coming out, very much aligned with the input directly from our largest customers. In the go-to-market function, we're seeing the pipeline build improving and sales execution improving, although we certainly acknowledge on some of the larger deals there has been some deal slippage that we're seeking to address and some of the elements of that come into play in the second half of the year. And I think probably an important narrative that's developing within the company is around creating sign...