Cirata plc Showcases Strong Q2 Growth and Cost Cuts
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Cirata plc Showcases Strong Q2 Growth and Cost Cuts

Wandisco (GB:CRTA) has released an update.

Cirata plc has reported a significant increase in bookings for Q2 2024, with a 143% growth compared to the previous quarter and year-over-year, achieving $1.7 million in revenue. The company signed 16 contracts, with a notable portion of the bookings coming from new and expansion deals, and launched a cost efficiency program to reduce annualized costs. Despite some deal slippage in Q2, the improved sales pipeline and retained FY24 bookings guidance suggest a potentially strong performance for the remainder of the year.

For further insights into GB:CRTA stock, check out TipRanks’ Stock Analysis page.

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