Strategic progress hailed at data software business
Live data business WANdisco has hailed a strong pipeline of opportunities as it publishes its preliminary unaudited results for the year ended 31 December 2021.
The Sheffield-headquartered company made revenues for the year of $7.3m/£6m (2020: $10.5m/£8.7m) and reported a pre-tax loss of $38.8m/£32.3m (2020: $35.8m/£29.8m loss).
Highlights for the business during the year included its largest ever multi-year contract win with a large global automotive supplier.
WANdisco said it had seen meaningful commercial momentum with blue chip customers and partners, which included winning an initial contract with a top 5 UK bank to migrate to Amazon Web Services.
David Richards, chief executive officer and chairman of WANdisco, said: “We made significant strategic progress in FY21 reorganising our go-to-market operation and cost structure.
“This has provided us greater revenue visibility, accountability and efficiencies to drive our business forward, and I am confident we will continue to convert on our strong pipeline of cloud migration opportunities in FY22.
“Our achievements in Q4 2021 provided a springboard for our new business acceleration into Q1 2022 and we are extremely excited about the significant market opportunities that lay ahead of us for the rest of this year.
“We have also been able to strengthen and expand our partner ecosystem with some of the largest organisations in the world such as IBM and Oracle, who continue to depend on us to support their businesses and their enterprise customers with critical data migrations to the cloud.”
WANdisco says the macroeconomic uncertainty inflicted by the pandemic appears to be receding in the geographies it operates in.
The company notes it has experienced minimal effects on its customer base and order flow from Covid-19, and is well positioned to operate should any pandemic related restrictions return.
