Final results are a massive beat to our profit estimates. NetDimensions LON:NETD Adj LBITDA was 85% better YOY in a set of results which were a further proof that its strategy of becoming a leading supplier of compliance and learning solutions to high consequence industries is coming together. Of the KPIs the 98% increase in average first year deal size for direct new clients shows the company successfully selling larger deals to larger clients. Our favourite part: in busy 2015A NetDimensions still found the opportunity to re-visit its structure, route to market in several geographies and the efficiency of its operating model (it was these changes which lead to the profit beat) as NetDimensions restructured sales & marketing and it re-cast its professional services. Also, we note pleasingly that R&D was +35% YOY (14% of revenue) so the company continues to future-proof the business – nice play, NetDimensions! We make minimal changes to our 2016E forecasts. The shares enjoys strong valuation support.
![NetDimensions (Holdings) Limited](https://directorstalk.net/wp-content/uploads/2015/10/NetDimensions-200x200px.jpg)
Talking Tech: LMS learning curve
Implementing a new learning management system is exciting, but as with every new tech deployment, staff will need instruction in how to use and manage it well. Sarah Butler, training officer and QA engineer at WBT