NetDimensions (Holdings) Limited ("NetDimensions" or the "Company" or the
"Group") Business Update
HONG KONG, CHINA -- (Marketwired) -- 07/15/14 -- NetDimensions (LSE:
NETD) (OTCQX: NETDY), a global provider of performance, knowledge and
learning management systems, is pleased to provide an update for the
six months ending 30 June 2014 (the "period").
The Company is pleased to report that revenue for the period was
US$9.1M, an increase of 40% (2013 H1: US$6.5M). Growth, which was
reported across all regions, was driven by a strong performance from
our Software as a Service ("SaaS") offering. The Group continues to
focus on supplying software via its global Secure SaaS offering, for
which revenues increased by 50% to US$3.9M (2013 H1: US$2.6M).
Invoiced sales for the period were also substantially higher at
US$9.1m, an increase of 49% (2013 H1: US$6.1M). Invoiced sales to
clients in high-consequence industries represented 83% (2013 H1: 70%)
of total invoiced sales for the period, which is in line with our
strategy of becoming a leading supplier of Talent Management Systems
and related compliance solutions to highly regulated industries.
The Company added 32 (2013 H1: 34) new clients in the period of which
93% (2013 H1: 73%) were in high-consequence industries including
Healthcare, Financial Services, Transportation, Telecommunications
and Precision Manufacturing. 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 from new business was up 79% to US$3.4M (2013 H1:
US$1.9M) representing 37% of total revenue (2013 H1: 31%) providing
further evidence that the Company's investment in growth is beginning
to show a return and that we are executing to plan.
Deferred revenue increased by 38% to US$7.6M (2013 H1: US$5.5M) of
which US$4.8M will be released to revenue in the second half of this
Jay Shaw, Chief Executive Officer of NetDimensions, said: "The
Company has made a solid start to this financial year with a strong
first-half performance. This performance, along with the deferred
revenue, gives management confidence going forward."
Established in 1999, NetDimensions (LSE: NETD)
(OTCQX: NETDY) is a global provide
r 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
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.
NetDimensions (Holdings) Limited
Tel: +852 2122 4500
Panmure Gordon (UK) Limited (Nomad & Broker)
Tel: +44 20 7886 2500
Walbrook PR Ltd (Financial Public Relations)
Tel: +44 20 7933 8792
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