SOURCE: NetDimensions (Holdings) Limited

May 06, 2014 02:00 ET

NetDimensions (Holdings) Limited: Quarterly Operations Update

HONG KONG, CHINA--(Marketwired - May 6, 2014) - NetDimensions (Holdings) Limited (LSE: NETD) (OTCQX: NETDY)

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

 Quarterly Operations Update

NetDimensions (LSE: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to provide a quarterly update for the 3 months ending March 2014 (the "quarter").

The Company is pleased to report that both revenue and invoiced sales for the quarter were substantially higher than the prior year quarter. Invoiced sales to clients in high consequence industries represented 82% (2013 Q1: 66%) of total invoiced sales for the quarter which is in line with our strategy of becoming the leading supplier of Talent Management Systems and related compliance solutions to highly regulated industries.

The Company added 17 (2013 Q1: 11) new clients in the quarter of which 65% (2013 Q1: 55%) were in high consequence industries including Healthcare, Financial Services, Transportation, Telecommunications and Precision Manufacturing. The proportion of invoiced sales from new business was 41% (2013 Q1: 33%) in the quarter providing further evidence that the investment is beginning to show a return and that we are executing to plan.

Jay Shaw, Chief Executive Officer of NetDimensions, said: "The first quarter performance was excellent and provides the Company with a solid start to the current financial year. It is particularly pleasing to see a high proportion of new business in the quarter which gives us confidence that the investment we made as part of the Business plan is beginning to provide a return. "

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@walbrookpr.com
Helen Cresswell helen@walbrookpr.com

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

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