NetDimensions (Holdings) Limited Third Quarter Trading Update (8836B)

TIDMNETD

RNS Number : 8836B

NetDimensions (Holdings) Limited

12 October 2015

NetDimensions (Holdings) Limited

("NetDimensions" or "the Company")

Third Quarter Trading Update

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 September 30, 2015 (the "Q3") of the current financial year ending 31 December 2015.

Both revenue and invoiced sales for Q3 were above the comparable period in the previous year. In particular we are pleased to report a strong performance in Q3 from our secure Software as a Service ("SaaS") offering with invoiced sales increasing by 40% to US$2.8M (2014 Q3: US$2.0M) and revenue increasing by 24% to US$2.6M (2014 Q3: US$2.1M).

During Q3, the Company added a number of new clients across its target high consequence industries, including financial services, healthcare and life sciences. Importantly, the average first year contract value from direct new client wins increased 5% year on year.

Jay Shaw, Chief Executive Officer of NetDimensions, said: "We are pleased with the growth in business in the third quarter of the current year, in particular the growth in SaaS. This provides us with confidence going into the final quarter of the year."

Enquiries:

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

About NetDimensions

Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of performance, knowledge and learning management solutions to high consequence industries.

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' award-winning solutions have 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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October 12, 2015 02:00 ET (06:00 GMT)

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