Edison Investment Research - WANdisco (WAND) WANdisco - IoT migration win prompts upgrades

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Edison Investment Research

Richard Williamson

WANdisco - IoT migration win prompts upgrades

WANdisco’s $12.7m data migration deal with a global automotive manufacturer further strengthens the company’s position in the rapidly evolving automotive sector. It also highlights the central role that WANdisco plays in enabling data-centric Internet of Things (IoT) strategies. While the one-off nature of this contract means that the lifetime value of this deal is likely less than the recently announced large commit-to-consume deals, it is still very significant in size, prompting further upgrades to our bookings and cash estimates. The faster revenue recognition of this deal supports meaningful upgrades to revenues and reduced forecast losses.

23/12/2022 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

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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 - IoT migration win prompts upgrades

Hybridan Small Cap Feast - 09 Mar 23

WANdisco - New use case in manufacturing opening up?

WANdisco - Multiple IoT deployment wins lead to upgrade

Information Services Corporation - Strong underlying growth, guidance reiterated

PVA TePla - Material matters

Zalaris - Continuing contract momentum in FY24

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