Cirata PLC's (AIM:CRTA) shares fell 19% despite a strong first-half performance marked by 58% year-on-year growth in total bookings and a 244% surge in its core Data Integration (DI) business.
The sharp decline in share price reflected investor disappointment over a 53% drop in bookings during the second quarter compared with the previous year, signalling uneven sales momentum.
While DI bookings did rise 17% in Q2 and accounted for 95% of total bookings, several sales opportunities slipped into the second half of 2025, weighing on sentiment.
The company also announced the sale of its DevOps assets to BlueOptima for up to $3.5 million, enabling a sharper focus on its faster-growing DI segment.
Cirata has cut costs substantially, reducing cash burn by nearly half to $2.2 million in the second quarter and plans further overhead reductions.
It also appointed Dominic Arcari as chief revenue officer to boost sales execution and pipeline growth. Despite near-term challenges, Cirata remains optimistic about its longer-term prospects.
The shares were down 5.61p at 23.39p.