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Wandisco ( (GB:CRTA) ) has provided an update.
Cirata reported its preliminary results for FY24, highlighting a revenue increase to $7.7 million and a significant reduction in EBITDA losses to $13.5 million. The company saw a notable shift towards Data Integration (DI), which accounted for 67% of bookings, reflecting its strategic focus on high-growth opportunities. Major achievements included a $2 million contract with a top US bank and strengthened partnerships with IBM, Databricks, and Oracle. Cirata’s strategic restructuring and cost reduction efforts have positioned it for future growth, with management expecting continued momentum in DI and improved sales activity in FY25.
More about Wandisco
Cirata accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. The company offers products and technology solutions that enable strategic adoption of modern data analytics, making AI and analytics faster, cheaper, and more flexible.
YTD Price Performance: -22.60%
Average Trading Volume: 144,894
Technical Sentiment Signal: Strong Buy
Current Market Cap: £22.56M
For an in-depth examination of CRTA stock, go to TipRanks’ Stock Analysis page.