WANdisco Plc Q2 2014 Bookings Update (5530M)

TIDMWAND

RNS Number : 5530M

WANdisco Plc

17 July 2014

WANdisco plc

("WANdisco" or the "Company")

17 July 2014

Q2 2014 Bookings Update

Q2 2014 Bookings increase 11% to $3.4m

Big Data progress with a new customer win and a new Oracle partnership

Highlights

   --    Bookings up 11% on prior year 
   --    Another new Big Data customer and prospective customers advancing their evaluations 
   --    OhmData acquisition brings in HBase development expertise 
   --    Oracle Big Data Appliance partnership opens major new distribution channel 

London, UK - WANdisco (LSE: WAND), the leading provider of continuous availability software for global enterprises to meet the challenges of Big Data, reports a strong second quarter of the financial year with subscription bookings increasing by 11% compared with the prior year.

As is usual in our subscription model, these bookings had a high upfront cash content, supporting the company's net cash position. Full financial results for the first half of 2014 will be released on 18 September.

$3.3m of bookings in the quarter came from our well-established Application Lifecycle Management products, representing 9% growth compared with $3.1m in last year's second quarter. Bookings were impacted by delayed purchase decisions on the part of some of our larger global customers. Notable new customers this quarter included Polycom and PetSmart. In addition, there were some significantly sized renewals from existing customers such as Fannie Mae and Pixelworks. Many customers extended the usage of our product across their organisations, including Pitney Bowes and Huawei. Multi-year contracts continue to be prevalent, particularly amongst the larger deals.

$0.1m of bookings in the quarter came from our Big Data products (Q2 2013: $0.2m), comprising a new subscription from a wholesale logistics technology provider to the pharmaceuticals industry. For prospective Big Data customers, we progressed a number of pre-contract evaluations, in which we are running our Non-Stop Hadoop software on the data centre infrastructures of global corporations. We expect a significant proportion of these evaluations to convert to subscription contracts by the end of the year.

Our partnerships with Cloudera and Hortonworks continued to develop this quarter as we have worked jointly to advance and expand key Big Data opportunities. After the end of the quarter we became a certified partner of Oracle in its Oracle Big Data Appliance programme of applications for its Big Data hardware. The partnership has been given additional impetus by the request of one of WANdisco's prospective customers in automotive manufacturing to run Oracle appliances in conjunction with WANdisco's Non-Stop Hadoop continuous availability layer. More information is contained in a separate announcement released today.

During the quarter we acquired San Francisco-based OhmData Inc. ("OhmData"), a developer of database solutions based on HBase, a core component of the Hadoop stack for processing large-scale data sets in real-time, for an enterprise value of approximately $2.1m, paid in WANdisco stock. Working alongside WANdisco's existing Big Data and distributed computing experts, OhmData will enhance WANdisco's ability to develop further ground-breaking replication technology, not least because of the ability to commit new Hadoop code to improve integration between WANdisco's products and the Hadoop Open Source platform.

David Richards, WANdisco Chief Executive Officer, comments:

"During this quarter we progressed well on a number of fronts. Our Application Lifecycle Management business continued to deliver solid bookings flows through new wins, high renewal rates and expanded usage. In Big Data, we added a new customer developing industry-leading commercial analytics, and our evaluations with prospective customers moved forward, expanding in scale. A new partnership with Oracle, deepening partnerships with Cloudera and Hortonworks, and acquiring the HBase skills of OhmData, all moved our strategy forward."

For further information please contact:

 
                                                  via FTI Consulting 
 WANdisco plc                                      LLP 
 David Richards, Chief Executive Officer 
  Paul Harrison, Chief Financial Officer 
  Phil Branston, VP Corporate Development 
  and Investor Relations 
                                                 -------------------- 
 FTI Consulting LLP                               [phone] 
                                                 -------------------- 
 Matt Dixon / Sophie McMillan / Jon Snowball 
  / Roger Newby 
                                                 -------------------- 
 Investec Bank plc (Joint Broker and Nominated 
  Adviser)                                        [phone] 
                                                 -------------------- 
 Christopher Baird / Dominic Emery 
                                                 -------------------- 
 UBS Investment Bank (Joint Broker)               [phone] 
                                                 -------------------- 
 Rahul Luthra / Sandip Dhillon 
                                                 -------------------- 
 

About WANdisco

WANdisco (LSE: WAND) is a provider of enterprise-ready, non-stop software solutions that enable globally distributed organizations to meet today's data challenges of secure storage, scalability and availability. WANdisco's products are differentiated by the company's patented, active-active data replication technology, serving crucial continuous availability requirements, including Hadoop Big Data and Application Lifecycle Management (ALM), including Apache Subversion and Git. Fortune Global 1000 companies, including Juniper Networks, Motorola, and Halliburton, rely on WANdisco for performance, reliability, security and availability. For additional information, please visit www.wandisco.com.

Disclaimer

This announcement contains forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. Undue reliance should not be placed on any such statements because they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and WANdisco's plans and objectives, to differ materially from those expressed or implied in the forward-looking statements. WANdisco undertakes no obligation to revise or update any forward-looking statement contained within this announcement, regardless of whether those statements are affected as a result of new information, future events or otherwise, save as required by law and regulations.

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