Big data business reports its best first quarter in more than five years
Big data company, Cirata, says it has recorded its strongest first quarter bookings since Q1 FY19.
In an unaudited trading update for the quarter ended 31 March 2025, the Sheffield-headquartered firm reports total bookings for the quarter worth $3m/£2.3m (Q1 FY24 $700,000/£527,000) a rise of 330 per cent year-on-year.
Individual deals for the company included a $2m/£1.5m three-year data integration contract, signed in quarter one with a leading UK retailer.
Cirata adds that the actions it took in January this year to address poor execution in its International region have had an immediate positive impact.
However, the business notes date integration bookings in North America were “disappointing”. Cirata says it will respond to this with increased training and further investment in sales personnel.
Stephen Kelly, chief executive officer, said: “As we signalled in January, FY25 represents a growth year built on solid foundations.
“This Q1 delivers a strong start to the year and represents a step forward in Cirata’s recovery plan and drive towards growth.
“A much lower cash burn combined with the strongest Q1 bookings figure since 2019 give us increasing confidence.
“Conversations with our customers and partners are going deeper and I am happy with the early success we have seen through this collaboration with some of the largest companies in the world.”
