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September 23, 2015

Big Data fails to make WANdisco a profit

Sales bookings of its ALM business have dropped.

By James Nunns

WANdisco has reported its financial results for the first six months of the year ending 30th June.

The Big Data company posted revenue figures rising to £3.72 million for the first six months, with this representing a 13% rise from the previous year when it was £3.26m.

The company said adjusted EBITDA loss had been reduced to £6m from £6.2m.

David Richards, CEO, WANdisco, said: "Our penetration of the Big Data market has taken a big step forward in the first half of this year. We added eight new customers in the second quarter alone and the first three Big Data customers went into live production with our new WANdisco Fusion product.

"Our partners increasingly view WANdisco as crucial in enabling their customers to go into live production with new Big Data applications. We are working increasingly closely on go to market activities and product integration with selected partners such as Oracle, IBM and Hortonworks."

Revenue from Big Data brought in £520,000 for the first half of the year while its Application Lifecycle Management business, brought in £3.2m for the same period.

However, sales bookings in ALM dropped to £1.96m from £4.63m the previous year.

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