WANdisco - Momentum in Q4 and confirmed FY21 guidance
WANdisco’s FY20 trading statement highlights the significant strategic progress made during the year and confirms its expectations for FY21 (revenues of at least $35m). Revenues for FY20 are expected to be at least $10.5m, which is below our $13.0m forecast, but momentum in Q4 is described as encouraging. We estimate Q4 revenues were c $5.0m, implying a significant acceleration in the 9M20 run rate. WANdisco also signed 11 customers (predominantly in Q4) including eight on Azure and three on AWS and has migrated 3PB of data into the Azure cloud so far.Wandisco Plc is engaged in the development and provision of global collaboration software.
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