Edison Investment Research - WANdisco (WAND) WANdisco - Momentum in bookings and RPO

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Edison Investment Research

Richard Williamson

WANdisco - Momentum in bookings and RPO

In its FY21 trading update, WANdisco (WAND) reported strong momentum in both its bookings and remaining performance obligations (RPO), up 17% and 92% y-o-y in FY21, respectively. Moreover, it saw strong trading in Q421 as it continues its transition to a consumption-based model, with the recent sales reorganisation appearing to bear fruit. Management expects FY21 revenues to be in line with current market estimates and cash to increase 32% y-o-y to $27.8m. With confidence in its growing pipeline, the momentum from recent partnerships and deals, and a shift to quarterly updates and more frequent communications to better inform investors, Q421 could mark an inflection point for WAND, and we will be watching this space closely.

07/02/2022 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 - Momentum in bookings and RPO

Hybridan Small Cap Feast - 09 Mar 23

WANdisco - New use case in manufacturing opening up?

WANdisco - Multiple IoT deployment wins lead to upgrade

Borussia Dortmund - London calling

HELLENiQ ENERGY - Solid Q1, with a strong operational performance

Triple Point Social Housing REIT - Strong rent growth and improving rent collection

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