WANdisco (WAND)

Sector:

IT Services

Index:

FTSE AIM 100

624.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 820.00p
  • 52 Week Low: 338.00p
  • Currency: UK Pounds
  • Shares Issued: 51.34m
  • Volume: 9,256
  • Market Cap: £320.38m

Wandisco FY revenues slip on delayed contracts

By Iain Gilbert

Date: Tuesday 04 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Live data company Wandisco warned on Tuesday that full-year revenues would be below expectations due to some delayed deals.
Wandisco said revenues for the year ended 31 December 2019 were now expected to be approximately $16m but added that it had maintained a "strong year-end cash balance" of $23.3m, which the board was confident would enable it to achieve cash-flow breakeven.

The AIM-listed group said a small number of "significant deals" had slipped into 2020 and now supported its continued confidence of meeting market expectations in 2020.

The majority of the delayed deals were within Wandisco's growing Microsoft channel, where customers elected to wait for public availability of its embedded Azure product, Fusion Resource Provider.

Chief executive David Richards said: "2019 was a significant year for Wandisco.

"While 2019 did not meet our financial expectations, the product and strategic progress is significant, and we enter 2020 more confident than ever."

In a separate announcement, Wandisco said its jointly-developed solution with Microsoft, Fusion Resource Provider, had entered its first critical phase of customer deployment, the "private preview" phase. The product was expected to enter public availability in the first quarter.

As of 1040 GMT, Wandisco shares were down 6.21% at 401.40p.

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WANdisco Market Data

Currency UK Pounds
Share Price 624.00p
Change Today 4.00p
% Change 0.65 %
52 Week High 820.00p
52 Week Low 338.00p
Volume 9,256
Shares Issued 51.34m
Market Cap £320.38m

WANdisco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.54% below the market average35.54% below the market average35.54% below the market average35.54% below the market average35.54% below the market average
58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average
Price Trend
52.12% above the market average52.12% above the market average52.12% above the market average52.12% above the market average52.12% above the market average
49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average
Income Not Available
Growth
23.4% below the market average23.4% below the market average23.4% below the market average23.4% below the market average23.4% below the market average
44.09% below the sector average44.09% below the sector average44.09% below the sector average44.09% below the sector average44.09% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WANdisco Dividends

No dividends found

Trades for 07-Jul-2020

Time Volume / Share Price
16:38 531 @ 619.50p
16:35 100 @ 624.00p
16:31 2,500 @ 616.00p
16:29 165 @ 624.00p
16:28 45 @ 624.00p

WANdisco Key Personnel

CFO Erik Edwin Miller

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