SOURCE: NetDimensions (Holdings) Limited

September 21, 2015 02:00 ET

NetDimensions (Holdings) Limited Announces Half Yearly Report

HONG KONG--(Marketwired - Sep 21, 2015) - NetDimensions (AIM: NETD) (OTCQX: NETDY)

NetDimensions (Holdings) Limited
("NetDimensions" or the "Company" or the "Group")

Half Yearly Report

NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to announce its half year results for the period ending 30 June 2015.

Financial Highlights

  • 16% revenue growth to US$10.6m (2014 H1: US$9.1m)
  • 31% increase in recurring revenue from our global hosted secure Software as a Service ("SaaS") service to US$5.1m (2014 H1: US$3.9m)
  • First year average contract size increased 125% to US$209k

Operations Highlights

  • Number of active users were 3.9m at the end of the period (2014 H1: 3.7m), excluding 1m not for profit users
  • Invoiced sales to clients in high-consequence industries represented 92% (2014 H1: 83%) of total invoiced sales for the period 
  • 18 new clients added in the period through direct and reseller channels with a combined contracted value of US$3.1m. These new clients operate in a number of high consequence industries including healthcare, financial services, transportation, energy, and manufacturing

Graham Higgins, Chairman of NetDimensions, commented: "The Company made good progress during the period in terms of total revenue growth generally and recurring SaaS revenue in particular while the Company continues to execute on its strategy of focusing on high consequence industries.

The Company continues to build on the progress made in the first half of the year and, being second half weighted, we expect a stronger performance over the remainder of the current financial year."

Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/5869Z_1-2015-9-18.pdf

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 8792
Paul Cornelius / Sam Allen / Nick Rome   netdimensions@walbrookpr.com
     

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

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