HONG KONG, CHINA — (Marketwired) — 09/22/14 — NetDimensions (LSE: NETD) (OTCQX: NETDY)
(“NetDimensions” or the “Company” or the “Group”)
NetDimensions (LSE: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to announce its interim results for the period ending 30 June 2014.
40% GAAP revenue growth to US$9.1M (2013 H1: US$6.5M)
49% invoiced sales growth to US$9.1M (2013 H1: US$6.1M)
38% increase in deferred revenue to US$7.6M (2013 H1: US$5.5M)
50% GAAP revenue growth in our global hosted secure Software as a Service (“SaaS”) offering to US$3.9M (2013 H1: US$2.6M)
32 new clients added in the period with a combined contracted value of US$3.8M, including Chase Bank Kenya Limited, Credit Corp Group Limited, Community Memorial Health System, PeaceHealth, University of Kansas Hospital, UAP Insurance and IDEXX Europe B.V.
Number of active users were 4.7M at the end of the period (2013 H1: 2.8M), including up to 1M users at not-for-profit organisations
Invoiced sales from new business was up 79% to US$3.4M (2013 H1: US$1.9M) representing 37% of total invoiced sales (2013 H1: 31%)
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 to clients in high-consequence industries represented 83% (2013 H1: 70%) of total invoiced sales for the period
Positioned again as a –Core Leader– in the 2014 release of the unique European learning and talent market insight report, Elearnity 9-Grid for Learning Management Systems (LMS)
“The financial results for the period ending 30 June 2014 saw excellent progress with accelerated growth in both revenue and invoiced sales, both of which were substantially higher than in the prior period.
“These numbers reflect the success of our Business plan implemented last year. The Investment phase for this has now been substantially completed such that the Company is well positioned to benefit from the many identified opportunities within our target markets. The Board will now focus on driving additional growth both organically and by selective acquisitions and we are confident of achieving further successes going forward.”
The interim report will be available on the Company–s website.
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 or follow @netdimensions on Twitter.
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Jay Shaw
Matthew Chaloner
Tel: +852 2122 4500
Fred Walsh
Ben Roberts
Tel: +44 20 7886 2500
Bob Huxford
Sam Allen
Tel: +44 20 7933 8792
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