HONG KONG — (Marketwired) — 09/21/15 — NetDimensions (AIM: NETD) (OTCQX: NETDY)
(“NetDimensions” or the “Company” or the “Group”)
NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to announce its half year results for the period ending 30 June 2015.
16% revenue growth to US$10.6m (2014 H1: US$9.1m)
31% increase in recurring revenue from our global hosted secure Software as a Service (“SaaS”) service to US$5.1m (2014 H1: US$3.9m)
First year average contract size increased 125% to US$209k
Number of active users were 3.9m at the end of the period (2014 H1: 3.7m), excluding 1m not for profit users
Invoiced sales to clients in high-consequence industries represented 92% (2014 H1: 83%) of total invoiced sales for the period
18 new clients added in the period through direct and reseller channels with a combined contracted value of US$3.1m. These new clients operate in a number of high consequence industries including healthcare, financial services, transportation, energy, and manufacturing
“The Company made good progress during the period in terms of total revenue growth generally and recurring SaaS revenue in particular while the Company continues to execute on its strategy of focusing on high consequence industries.
The Company continues to build on the progress made in the first half of the year and, being second half weighted, we expect a stronger performance over the remainder of the current financial year.”
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