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IN BRIEF: WANdisco cuts interim loss as revenue jumps three-quarters

ALN

WANdisco PLC - Jersey-based data-management software firm - In the six months ended June 30, significantly narrows pretax loss to $5.0 million from $20.3 million the previous year. Revenue climbs 74% year-on-year to $5.8 million from $3.4 million. Adds that a ‘significant’ proportion of contracted revenue was achieved through direct sales. Reports record bookings of $27.3 million, up from $2.1 million the previous year. WANdisco says trading is in line with market expectations for the full-year. Looking ahead, company says it is focused on converting its pipeline of opportunities.

Current stock price: 379.00 pence, down 0.3% in London on Tuesday afternoon

12-month change: up 26%

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