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An update from Wandisco ( (GB:CRTA) ) is now available.
Cirata plc has announced a significant contract win with a top 3 US bank valued at approximately $2 million for its Live Data Migrator product, marking the largest implementation through IBM’s Big Replicate platform in financial services to date. This contract, under the new OEM agreement with IBM, highlights Cirata’s capability to support demanding enterprise environments with its data architecture solutions. Concurrently, Cirata has withdrawn its FY24 bookings guidance due to variability in customer contract preferences and pipeline shifts, indicating challenges in forecasting and emphasizing the importance of long-term partnerships with major clients like IBM.
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 enables data leaders to leverage AI and analytics across their enterprise data estate, avoiding vendor, platform, or cloud lock-in, making AI and analytics faster, cheaper, and more flexible. Cirata’s portfolio focuses on strategic adoption of modern data analytics through efficient and automated solutions.
YTD Price Performance: -65.35%
Average Trading Volume: 248,940
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £30.85M
Learn more about CRTA stock on TipRanks’ Stock Analysis page.
