Edison Investment Research - WANdisco (WAND) WANdisco - Record $31m win with a global telco

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Edison Investment Research

Richard Williamson

WANdisco - Record $31m win with a global telco

WANdisco continued its run of large contract wins with the announcement of a record $31m commit-to-consume (CtC) agreement with a tier 1 global telco supplier. This win highlights the product/market fit and potential of the Internet of Things (IoT) use case, where applications require continuous movement of large amounts of data. We raise our FY22e and FY23e bookings and ending remaining performance obligations (RPO) as WANdisco’s momentum is encouraging. Until we have more visibility on the rate of data consumption, we leave our revenue estimates unchanged, although these recent wins provide potential for significant upgrades.

20/12/2022 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

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 - Record $31m win with a global telco

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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