Edison Investment Research - WANdisco (WAND) WANdisco - $7.1m deal provides further upside potential

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Edison Investment Research

Richard Williamson

WANdisco - $7.1m deal provides further upside potential

WANdisco has announced a $7.1m follow-on agreement with a large European automotive components supplier. This takes total disclosed bookings this year to $59.1m versus our FY forecast of $60m, meaning that upside to this KPI forecast now looks very probable. The Q3 update will give us more visibility on the rate at which customers are starting to use this data – which will see bookings flow through to the P&L. We will revise our estimates at that stage but see sizable uplift potential at all KPI levels, particularly in the 2023 timescale.

04/10/2022 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 - $7.1m deal provides further upside potential

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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