bullish

WANdisco plc

Strong H1, expect momentum to continue

50 Views25 Jul 2017 17:48
Issuer-paid
SUMMARY

WANdisco’s trading update confirms the positive start to the year, with bookings ($10.2m, + 73% y-o-y) and cash burn ($0.6m) significantly better than the run rate implied by our FY estimates. We believe that positive momentum should continue into H2 both financially and from a strategic perspective, with the addition of other tier one strategic partners being a key milestone to look for.

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