Cirata Reports Revenue Growth and Cost Cuts

Wandisco (GB:CRTA) has released an update.

Cirata plc has reported a modest increase in revenue to $3.4m and a reduction in losses for the first half of 2024 compared to the same period last year, with significant cost-cutting measures in place. The company completed an equity fundraise of $7.2m to support its operations and aims for cash flow break-even by year-end. Despite some deal slippage and the ongoing challenge of executing larger sales, Cirata retains its full-year booking guidance and shows continued progress in deal closures and partner engagement.

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