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Broadband

WANdisco reiterates FY guidance, lifted by revenue shift to big data, cloud services

Wednesday 5 May 2021 | 13:36 CET | News
Data infrastructure company WANdisco confirmed revenues for 2020 fell to USD 10.5 million from 16.2 million and that the cash position amounted to USD 21 million. Revenues were affected by the ongoing change in revenue mix between the company's legacy and big data businesses, as well as increasing shift to cloud-based revenues, away from perpetual, on-premises based revenue. Some contracts were also delayed into the future as customers assessed their cloud-based strategies and comparing WANdisco's stand-alone products with the launch of its cloud native service on Azure in October.

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Categories: Internet
Companies: Amazon Web Services / Microsoft / WANdisco
Countries: World
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