Update: Big data inflection, ALM drop-off
WANdisco’s Q414 bookings update shows stronger progress in big data than we anticipated, but a shortfall in the established Application Lifecycle Management (ALM) business. Consequently, full-year bookings were below our $20.4m estimate at $17.4m. Strong progress in big data looks set to continue as the pipeline expands and matures, while the establishment of dedicated big data and ALM sales teams is key to reinvigorating ALM performance.Wandisco Plc is engaged in the development and provision of global collaboration software.
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