19th Jan 2015 07:58
LONDON (Alliance News) - WANdisco PLC said Monday its bookings for 2014 were up 18% compared to the previous year, boosted by 9% more fourth quarter sales bookings as its Big Data products picked up steam.
The company said it saw sales bookings in its fourth quarter of USD4.7 million, compared to USD4.3 million a year before.
Within this, USD2.1 million of its bookings in the quarter came from its Big Data products. In the previous year, the company posted no bookings from Big Data. The company secured a contract with British Gas, part of Centrica PLC, after a period of testing and five new customers selected its Non-Stop Hadoop product.
WANdisco said that during the quarter its pipeline of sales opportunities "grew significantly", with opportunities building up in Europe, the Middle East and Africa and the Asia-Pacific regions. It expects a number of production trials in the quarter to lead to new subscription contracts during the coming months. It has more trials with potential new customers scheduled for the first quarter of 2015.
In WANdisco's Application Lifecycle Management business, bookings dropped to USD2.6 million in the fourth quarter, compared to USD4.3 million a year before, as the company focused its sales resources on Big Data opportunities. WANdisco said that, based on its operating scale and revenue potential, it plans to advance its ALM business towards profitability in 2015.
"Our fourth quarter sales mark an increase in momentum in our Big Data business, as successful production trials have led into some significant contract wins in a short period of time. Alongside our new customer wins, our first contract expansion by an existing customer was particularly encouraging," said Chief Executive Officer David Richards in a statement.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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