WANdisco’s proprietary replication technology enables its customers to solve critical data-management challenges created by the shift to cloud computing. It has established partner relationships with leading players in the cloud ecosystem including Oracle, Amazon, IBM and Microsoft.
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WANdisco’s (WAND’s) capital markets day (CMD) underlined the success of its transition to a cloud-centric commit-to-consume (CtC) model and the potential of its offering for Internet of Things (IoT) use cases, which looks set to drive a significant inflection in growth. Management sees opportunities across multiple industries with a pipeline boosted by a number of factors, including product improvements, restructuring the sales and marketing teams, and ever improving reference ability with tier one customers and partners. We raise our FY22 bookings and ending remaining performance obligations estimate on the back of the recent $25m contract win. Until we gain more visibility on the rate of data consumption, we leave our revenue estimates unchanged, although further deal announcements could be a catalyst for upgrades.
Y/E Dec |
Revenue (US$m) |
EBITDA (US$m) |
PBT (US$m) |
EPS (fd) (c) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2020A | 10.5 | (22.2) | (30.4) | (57.3) | N/A | N/A |
| 2021A | 7.3 | (29.5) | (34.7) | (57.9) | N/A | N/A |
| 2022E | 12.0 | (25.9) | (31.4) | (48.4) | N/A | N/A |
| 2023E | 25.0 | (15.3) | (20.8) | (29.0) | N/A | N/A |
Industry outlook
The shift to the cloud is enabling enterprises to reduce the cost of storing rapidly expanding datasets, while enhancing the performance of business-critical functions. By providing guaranteed consistency for these datasets, WAND’s LiveData accelerates this shift in three ways: data migration, hybrid cloud and multi-cloud.
Last updated on 28/09/2022Content on WANdisco
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TMT
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Share price graph
Balance sheet |
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| Forecast net cash (US$m) | 21.2 |
| Forecast gearing ratio (%) | N/A |
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Key management |
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| David Richards | CEO |
| Erik Miller | CFO |