Edison Investment Research - WANdisco (WAND) WANdisco - $13.2m follow-on automotive win

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Edison Investment Research

Richard Williamson

WANdisco - $13.2m follow-on automotive win

WANdisco has announced another follow-on deal with a major European automotive supplier, worth $13.2m on a commit-to-consume (CtC) basis. This is the third deal with this client this year, taking the total committed contract value from the customer to $25.3m in 2022 and highlighting WANdisco’s exceptional product/market fit in the high-growth Internet of Things (IoT) market. Management also confirmed that the company’s pipeline is at record levels and that the business is seeing an acceleration in interest. WANdisco expects to report further progress before year-end so, pending this, we leave our estimates unchanged. However, momentum clearly remains strongly positive.

13/12/2022 1 EN

Underlying

WANdisco

Wandisco Plc is engaged in the development and provision of global collaboration software.

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JE00B6Y3DV84 London Stock Exchange Jersey

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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WANdisco - $13.2m follow-on automotive win

Hybridan Small Cap Feast - 09 Mar 23

WANdisco - New use case in manufacturing opening up?

WANdisco - Multiple IoT deployment wins lead to upgrade

Zalaris - Continuing contract momentum in FY24

BlackRock Sustainable American Income Trust - Unique value/ESG fund at an attractive valuation

Northern Data Group - Continued progress as a diversified HPC provider

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