NetDimensions (Holdings) Limited Business Update (9220S)

TIDMNETD

RNS Number : 9220S

NetDimensions (Holdings) Limited

14 July 2015

NetDimensions (Holdings) Limited

("NetDimensions" or the "Company")

Business Update

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."

Enquiries:

 
 NetDimensions (Holdings) Limited       Tel: +852 2122 4500 
 Jay Shaw 
  Matthew Chaloner 
 
 Panmure Gordon (UK) Limited (Nomad     Tel: +44 20 7886 2500 
  & Broker) 
 Fred Walsh 
 Peter Steel 
 
 Walbrook PR Ltd (Financial Public      Tel: +44 20 7933 8792 
  Relations) 
 Paul Cornelius                         Paul.Cornelius@walbrookpr.com 
 Sam Allen                              Sam.Allen@walbrookpr.com

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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