WANdisco has released its fourth quarter sales bookings, revealing an 8% rise to £3.09. Despite this, shares fell after the trading update by 5.13% to 462.5p.
Chief Executive, David Richards said: Our fourth quarter sales mark an increase in momentum in our big data business, as successful production trials have led into some significant contract wins in a short period of time."
Total bookings for the year rose 18% to $17.4m, boosted by a new three year subscription for WANdisco’s Non-Stop Hadoop with British Gas, valued at $750,000.
Richards added: "We believe that many of our new Big Data customers will go on to expand significantly their WANdisco solutions as they take more and more data into their mission-critical applications."
