SOURCE: NetDimensions (Holdings) Limited

July 14, 2015 02:00 ET

NetDimensions (Holdings) Limited ("NetDimensions" or the "Company") Business Update

HONG KONG, CHINA--(Marketwired - Jul 14, 2015) - NetDimensions (AIM: NETD) (OTCQX: NETDY), a global provider of performance, knowledge and learning management systems, is pleased to provide an update for the six months ended 30 June 2015 (the "period").

The Company is pleased to report that revenue for the period was US$10.6M, an increase of 16% (2014 H1: US$9.1M). Invoiced sales for the period were also higher at US$9.8m, an increase of 8% (2014 H1: US$9.1M).

The Company added a number of new clients across its target high consequence industries during the period, including financial services, healthcare and manufacturing, which is in line with our strategy of becoming a leading supplier of Talent Management Systems and related compliance solutions to highly regulated industries. Invoiced sales to clients across these high-consequence industries represented 92% (2014 H1: 83%) of total invoiced sales.

The average deal size for direct new clients increased 125% to US$209K (2014 H1: US$93K) with the number of active users at the end of the period of 3.9 million (2014 H1: 3.7 million), an increase of 5% over the prior six month period.

Jay Shaw, Chief Executive Officer of NetDimensions, said: "We are pleased to report another period of revenue growth which is in line with management's expectations. The business is typically second half weighted and we would therefore expect a stronger performance in the remainder of the current financial year."

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 8792

    Paul Cornelius
    Paul.Cornelius@walbrookpr.com
    Sam Allen
    Sam.Allen@walbrookpr.com