23rd Sep 2015 08:43
LONDON (Alliance News) - Big Data company WANdisco PLC on Wednesday said its pretax loss for the first half narrowed slightly as its revenue ticked higher, though sales bookings from its larger application lifecycle management unit fell as it restructured its sales team.
WANdisco said its pretax loss for the six months to the end of June was USD17.7 million, compared to a USD18.5 million loss a year earlier, as revenue rose to USD5.7 million from USD5.0 million. Deferred revenue for the group from booked sales was up 16% in the half to USD18.0 million from USD15.5 million, but sales bookings dropped to USD4.4 million from USD7.4 million.
The fall in sales bookings came from its application lifecycle management unit, where sales bookings dropped to USD3.0 million from USD7.1 million due to a restructuring of its sales team in the division. Big Data revenue, however, was up to USD800,000 from USD100,000, with sales bookings up to USD1.4 million from USD300,000, as WANdisco continued to ramp up the business.
"Our penetration of the Big Data market has taken a big step forward in the first half of this year. We added eight new customers in the second quarter alone and the first three Big Data customers went into live production with our new WANdisco Fusion product," said David Richards, WANdisco's chief executive.
"In our ALM business, as previously highlighted, the transition in our sales organisation impacted sales during the period. Our offering remains highly relevant to today's increasingly distributed software development operations, and our live customer base of over 200 corporations offers ample sales opportunities. We have increased our focus on our core ALM offering and devoted more sales resource to this business," he added.
WANdisco shares were down 11% to 145.00 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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