WANdisco Plc Q4 2012 Bookings Update (5309V)
January 15 2013 - 1:00AM
UK Regulatory
TIDMWAND
RNS Number : 5309V
WANdisco Plc
15 January 2013
15 January 2013
WANdisco plc
Q4 2012 Bookings Update
Q4 Subscription Bookings increase by 76 per cent
year-on-year
Renewal rate 140 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 final three months
of the year ended 31 December 2012.
In the fourth quarter, subscription bookings reached a new
record level of $2.518 million, representing a 76 per cent increase
year-on-year (2011: $1.427 million). When combined with bookings
for the first nine months of the year of $5.399 million, the total
bookings for 2012 were $7.917 million (2011: $4.618 million),
representing an increase of 71 per cent.
Notable new customers secured in the fourth quarter include
Apple, Fujitsu, Cap Gemini, General Dynamics, Delta Systems, Penn
State University, E-Signal, Pioneer Investments, Georgia Tech and
another division of Cisco. The company also announced new deals
from its recently established presence in China including H3C and
Nanjing Exchange.
The annualised renewal rate by booking value was 140 per cent.
It should be noted that this number includes the impact of four
existing customers, each of which significantly increased its usage
of WANdisco products in the period. Excluding these four customers
from the calculation results in an underlying renewal rate of 116
per cent, which is more consistent with historic levels. Renewals
in the fourth quarter included John Deere, European Southern
Observatory, Cooper Power, Amgen, Sherwin Williams, Mentor
Graphics, Pitney Bowes, Ansys, Navis, Huawei and Western
Digital.
During the period the Company announced the acquisition of
pioneering Big Data company, AltoStor. The acquisition underscored
WANdisco's drive into the Big Data solutions market, forecast by
analyst firm Wikibon to grow at a compound annual rate of 58 per
cent between 2012 and 2017 and from $5 billion to approximately $50
billion in the same timeframe. The addition to the WANdisco
software development team of AltoStor co-founders Dr. Konstantin
Shvachko and Jagane Sundar, who are among the core creators of
Apache Hadoop has significantly reduced time-to-market for
WANdisco's new big data products. As a result, the company now
anticipates the release of its first Big Data products during the
first quarter of 2013.
WANdisco will report results for the financial year ended 31
December 2012 on Thursday, 25 April 2013.
For further information please contact:
WANdisco plc:
David Richards, Chairman and Chief via FTI Consulting
Executive Officer
Nick Parker, Chief Financial Officer
FTI Consulting: +44 (0)20 7831 3113
Matt Dixon / Sophie McMillan / Jon
Snowball / Roger Newby
Panmure Gordon & Co. +44 (0)20 7459 3600
Fred Walsh / Giles Stewart (Corporate
Finance)
Adam Pollock, Charles Leigh-Pemberton
(Corporate Broking)
Ends
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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