SOURCE: NetDimensions (Holdings) Limited

January 12, 2015 02:00 ET

NetDimensions (Holdings) Limited Announces Trading Update for the 12 Months to 31 December 2014

HONG KONG, CHINA--(Marketwired - Jan 12, 2015) - NetDimensions (LSE: NETD) (OTCQX: NETDY)

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

Trading Update for the 12 months to 31 December 2014

NetDimensions (LSE: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to provide a trading update for the 12 months to 31 December, 2014 (the "period").

Sales revenue and invoiced sales for the period are likely to be substantially higher than for the prior year. Company management expect to report full-year 2014 GAAP revenue in excess of US$22M, comfortably ahead of the consensus forecast of US$20M.

In addition, the full year loss before interest and certain non-cash items is likely to be smaller than current market expectations.

Jay Shaw, Chief Executive Officer of NetDimensions, said: "The Company saw an acceleration in the rate of growth for the year with substantial increases in revenue reported across healthcare, global services and our global hosted secure Software as a Service ("SaaS") offering. This provides the Board with continued confidence going into 2015."

About NetDimensions

Established in 1999, NetDimensions (LSE: 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, Hunter Douglas, 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.

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

Contact Information

  • 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
    Ben Roberts

    Walbrook PR Ltd(Financial Public Relations)
    Tel: +44 20 7933 8792
    Bob Huxford
    bob.huxford@walbrookpr.com
    Sam Allen
    sam.allen@walbrookpr.com