SOURCE: NetDimensions (Holdings) Limited

April 18, 2016 02:00 ET

NetDimensions (Holdings) Limited Announces Final Results

HONG KONG, CHINA--(Marketwired - Apr 18, 2016) - NetDimensions (Holdings) Limited (AIM: NETD) (OTCQX: NETDY)

OTCQX: NETDY
NetDimensions (Holdings) Limited
("NetDimensions" or the "Company" or the "Group")

Final Results for the year ended 31 December 2015

NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to announce its final results for the year ended 31 December 2015.

Highlights

  • 12% revenue growth to US$25.4M (2014: US$22.7M)
  • 85% reduction in the adjusted EBITDA loss to US$0.5M (2014: US$3.4M)
  • 98% increase in average first year deal size for direct new clients to US$210K (2014: US$106K)

Graham Higgins, Chairman of NetDimensions, commented: "The Company made solid progress in 2015 in terms of revenue growth, substantially reducing the reported loss and increasing the focus on high consequence industries. The Company will continue to invest in software engineering to provide a product that is best in class for high consequence use cases."

The annual report and notice of annual general meeting, to be held on Monday 20 June 2016 at 2:30pm on the 18th floor, Siu On Centre, 188 Lockhart Road, Hong Kong will be available on the Company's website and sent to shareholders shortly.

Enquiries:

NetDimensions (Holdings) Limited   Tel: +852 2122 4500
Jay Shaw
Matthew Chaloner
   
     
Panmure Gordon (UK) Limited (Nomad & Broker)   Tel: +44 20 7886 2500
Fred Walsh    
Peter Steel    
     
Walbrook PR Ltd (Financial Public Relations)   Tel: +44 20 7933 8780
Paul Cornelius   Or netdimensions@walbrookpr.com
Sam Allen    
Nick Rome    
Helen Cresswell    

About NetDimensions

Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of performance, knowledge and learning management solutions.

NetDimensions provides companies, government agencies and other organizations with talent management solutions to personalize learning, share knowledge, enhance performance, foster collaboration and manage compliance programs for employees, customers, partners and suppliers.

Recognized as one of the talent management industry's top-rated technology suppliers, NetDimensions has been chosen by leading organizations worldwide including ING, Cathay Pacific, Chicago Police Department, Geely Automotive, Fugro Group and Fresenius Medical Care.

NetDimensions is ISO 9001 certified and NetDimensions hosted services are ISO 27001 certified.

For more information, visit www.NetDimensions.com or follow @netdimensions on Twitter.

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/4526V_1-2016-4-17.pdf

This information is provided by RNS
The company news service from the London Stock Exchange

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