Currency in GBP
Last close As at 04/02/2023
▲ 20.00 (1.52%)
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.
The automotive sector is undergoing a significant transformation, driven by vehicle electrification and digitisation, and the disruptive influence of companies such as Tesla, which is developing increasingly service-oriented models. This is triggering a significant wave of investment as newer entrants grow and traditional players look to catch up. WANdisco looks to be extremely well placed to benefit from this. In this case, WANdisco is migrating a large amount of data to the cloud to enable the automotive manufacturer to implement internet of things strategies. The recurring opportunity for WANdisco is in enabling manufacturers to migrate the huge amounts of data generated from car sensor networks to the cloud on an ongoing basis.
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WANdisco’s (WAND’s) FY22 trading update confirms that both momentum and the pipeline remain exceptionally strong, with bookings of $127m (up by 967% y-o-y, Edison $116m) and revenues of at least $24m (+230% y-o-y, Edison $19.0m). We raise our FY23 bookings and revenue estimates by 8.3% and 7.1% respectively. The fact that WAND’s pipeline remains at record levels, even after the conversion of recent deals, indicates that deal flow momentum is likely to sustain the risk to estimates on the upside.
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