NetDimensions (Holdings) Limited Third Quarter Trading Update (8939O)

TIDMNETD

RNS Number : 8939O

NetDimensions (Holdings) Limited

10 November 2016

10 November 2016

NetDimensions (Holdings) Limited

("NetDimensions" or the "Company" or the "Group")

Third Quarter Trading Update

NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge and learning management systems, is pleased to provide a trading update for the three months ended September 30, 2016 ("Q3") of the current financial year ending 31 December 2016.

Revenue and invoiced sales for Q3 were both slightly ahead of the comparable period for the previous year. The revenue from our global secure SaaS offering increased by 5% and the revenue from licenses increased by 13% in the quarter.

On 5 October 2016, the Board of Directors of NetDimensions ("the Board") also announced that it had received an approach which may or may not lead to an offer being made for the entire issued share capital of the Company. The Board continues to engage with interested parties and a further announcement will be made in due course.

Jay Shaw, Chief Executive Officer of NetDimensions, said: "I am pleased with our revenue growth in the third quarter, particularly the growth in our higher-margin SaaS and license business. As in previous years, the full-year outlook depends on closing final quarter sales. We have a number of good opportunities in hand and continue to focus on generating new business and controlling operating expenses."

Enquiries:

 
 NetDimensions (Holdings)        Tel: [phone] 
  Limited 
 Jay Shaw 
  Matthew Chaloner 
 
 Panmure Gordon (UK) Limited     Tel: [phone] 
  (Nomad & Broker) 
 Andrew Godber 
 Peter Steel 
  Erik Anderson 
 
 Walbrook PR Ltd (Financial      Tel: [phone] 
  Public Relations) 
 Paul Cornelius                  Or [e-mail] 
 Sam Allen 
 Nick Rome 
 Helen Cresswell 
 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

About NetDimensions

Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of learning, knowledge and performance management solutions to highly regulated industries.

NetDimensions provides companies, government agencies and other organisations with talent management solutions to personalise learning, share knowledge, enhance performance, and manage compliance programmes for employees, customers, partners and suppliers.

NetDimensions' solutions also include custom content and learning portal development services, as well as off-the-shelf course libraries and regulatory compliance courseware developed by NetDimensions' subject matter experts and content partners.

NetDimensions' award-winning solutions have been chosen by leading organisations worldwide including ING, Cathay Pacific, Chicago Police Department, Geely Automotive, Fugro Group, Fresenius Medical Care, tesa SE, and DB Schenker.

NetDimensions is ISO 9001 certified and NetDimensions' Secure SaaS practices are ISO 27001 certified.

For more information, visit www.netdimensions.com or follow @netdimensions on Twitter.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 10, 2016 07:55 ET (12:55 GMT)