SOURCE: NetDimensions (Holdings) Limited

September 22, 2014 02:00 ET

NetDimensions (Holdings) Limited ("NetDimensions" or the "Company" or the "Group") Interim Results for the Period Ending 30 June 2014

HONG KONG, CHINA--(Marketwired - Sep 22, 2014) - NetDimensions (LSE: NETD) (OTCQX: NETDY)

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

Interim Results for the period ending 30 June 2014

NetDimensions (LSE: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to announce its interim results for the period ending 30 June 2014.

Financial Highlights

  • 40% GAAP revenue growth to US$9.1M (2013 H1: US$6.5M)
  • 49% invoiced sales growth to US$9.1M (2013 H1: US$6.1M)
  • 38% increase in deferred revenue to US$7.6M (2013 H1: US$5.5M)
  • 50% GAAP revenue growth in our global hosted secure Software as a Service ("SaaS") offering to US$3.9M (2013 H1: US$2.6M)

Operations Highlights

  • 32 new clients added in the period with a combined contracted value of US$3.8M, including Chase Bank Kenya Limited, Credit Corp Group Limited, Community Memorial Health System, PeaceHealth, University of Kansas Hospital, UAP Insurance and IDEXX Europe B.V.
  • Number of active users were 4.7M at the end of the period (2013 H1: 2.8M), including up to 1M users at not-for-profit organisations
  • Invoiced sales from new business was up 79% to US$3.4M (2013 H1: US$1.9M) representing 37% of total invoiced sales (2013 H1: 31%)
  • The average deal size for direct new clients in the period increased to US$93K (2013 H1: US$63K), an increase of 48% over prior period
  • Invoiced sales to clients in high-consequence industries represented 83% (2013 H1: 70%) of total invoiced sales for the period
  • Positioned again as a 'Core Leader' in the 2014 release of the unique European learning and talent market insight report, Elearnity 9-Grid™ for Learning Management Systems (LMS)

Roger Durn, Chairman of NetDimensions, commented: "The financial results for the period ending 30 June 2014 saw excellent progress with accelerated growth in both revenue and invoiced sales, both of which were substantially higher than in the prior period.

"These numbers reflect the success of our Business plan implemented last year. The Investment phase for this has now been substantially completed such that the Company is well positioned to benefit from the many identified opportunities within our target markets. The Board will now focus on driving additional growth both organically and by selective acquisitions and we are confident of achieving further successes going forward."

The interim report will be available on the Company's website.

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.

 Click on, or paste the following link into your web browser, to view the associated PDF document.
 http://www.rns-pdf.londonstockexchange.com/rns/1925S_1-2014-9-19.pdf

Contact Information

  • Enquiries:

    NetDimensions (Holdings) Limited
    Jay Shaw
    Matthew Chaloner
    Tel: +852 2122 4500

    Panmure Gordon (UK) Limited (Nomad & Broker)
    Fred Walsh
    Ben Roberts
    Tel: +44 20 7886 2500

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