WANdisco - Deals slip but Microsoft product on track
Sales of $10m in H219 fell short of the $18m implied by FY19 guidance. WANdisco will now implement large Microsoft co-sell deals via its new integrated platform; these deals are still in the pipeline and it is confident they will be closed in H120. The lower H2 run rate leads us to cut FY20 sales to $28m. However, the commercialisation of the Microsoft platform is on track and should drive a sharp acceleration in growth through the year.Wandisco Plc is engaged in the development and provision of global collaboration software.
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