Live data business WANdisco hailed a strong pipeline of opportunities by releasing its preliminary unaudited results for the year ended December 31, 2021.
The Sheffield-based company had revenue for the year of $7.3m/£6m (2020: $10.5m/£8.7m) and reported a loss before taxes of $38.8m / £32.3m (2020: $35.8m / £29.8m loss).
Among the company’s highlights during the year was the largest ever multi-year contract win with a major global automotive supplier.
WANdisco said he saw ma significant commercial momentum with first class customers and partners, which included the gain of a Ifirst contract with one of the top 5 UK banks to migrate to Amazon Web Services.
David Richards, CEO and President of WANdisco, said: “We made significant strategic progress in FY21 by realigning our go-to-market operations and our cost structure.
“It has provided us with greater revenue visibility, greater accountability, and greater efficiency in moving our business forward, and I am confident that we will continue to convert our strong pipeline of cloud migration opportunities over the course of exercise 22.
“Our achievements in Q4 2021 have provided a springboard for the acceleration of our new business in Q1 2022 and we are extremely excited about the significant market opportunities ahead of us for the remainder of this year.
“We have also been able to strengthen and expand our partner ecosystem with some of the world’s largest organizations such as IBM and Oracle, who continue to rely on us to support their businesses and their enterprise customers with migrations of critical data to the cloud. ”
WANdisco says the macroeconomic uncertainty inflicted by the pandemic appears to be fading in the geographies in which it operates.
The company notes that it has suffered minimal effects on its customer base and order flow from Covid-19, and is well positioned to operate should pandemic-related restrictions return.