SOURCE: NetDimensions (Holdings) Limited

April 26, 2016 02:00 ET

NetDimensions (Holdings) Limited ("NetDimensions" or the "Company" or the "Group") First Quarter Trading Update

HONG KONG, CHINA--(Marketwired - Apr 26, 2016) - NetDimensions (AIM: NETD) (OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to provide a quarterly trading update for the three months ending March 31, 2016 ("Q1") of the current financial year ending 31 December 2016.

Revenue and invoiced sales for Q1 were both in line with management's expectations. Furthermore, adjusted EBITDA loss for Q1 was substantially improved on the loss in the comparable period for the previous year. In addition, the Company generated US$1.7M of cash from operating activities in Q1.

Jay Shaw, Chief Executive Officer of NetDimensions, said: "I am pleased with the performance of the Company in the first three months of this financial year. In particular the better adjusted EBITDA loss and strong operating cash flows in Q1 demonstrate that the Company is making good progress in 2016."

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.

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
    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