NetDimensions revenue increases 16% with average deal sizes increasing 125%

NetDimensions (AIM: NETD)a global provider of performance, knowledge and learning management systems, has given DirectorsTalk 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.”

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