NetDimensions is a software publisher that provides companies, government agencies and other organizations with enterprise-class learning, knowledge and performance management related software and services, enabling its clients to manage the delivery and administration of their training, compliance and talent development programs. These are NetDimensionsí first results since its admission to trading on AIM in May 2007.
NetDimensions delivers a strong trading performance
Financial Highlights
ï Sales for the six months to 30 June 2007 increased by 68% to US$2.15 million (2006: US$1.28 million) driven by more than 70 new business customer wins
ï Operating profit before exceptional items was US$0.21 million (2006: operating loss of US$0.1 million)
ï The Company has continued to generate cash from operations in the last six months and had cash at bank of US$6.4 million as of 30 June 2007
ï Second half results are expected to be stronger, in line with the Companyís historical trends
Operations Highlights
ï Added more than 70 new clients during the period
ï Recruited a new sales team in the Europe, Middle East and Africa (EMEA) region and new sales partners in Vietnam and Taiwan
ï Established a strategic partnership with a publishing technology provider which led to the launch of a new product, the NetDimensions Enterprise Content Platform (ECP)
ï Launched the latest 4.7 version of our flagship product, EKP, which was designed with major input from Flight Safety International and Cathay Pacific Airways
Roger Durn, Chairman, commented: ìI am pleased to present an excellent set of results. We have delivered substantial revenue growth and added more than 70 new clients in the last six months. Given that NetDimensions has traditionally generated the majority of its annual revenues in the second half of the year and that we are seeing continued growth in our target markets, the Company is confident of adding more clients in the second half of 2007 as well as continuing to expand global sales capabilities.î
The Company today also announces that, following its change of name from Teather & Greenwood Limited to Landsbanki Securities (UK) Limited with effect from 9 August 2007, the name of the Companyís nominated adviser and broker has changed to Landsbanki Securities (UK) Limited.
The Company also confirms that all the information required by Rule 26 of the AIM Rules for Companies (February 2007) is available within the Investors section of the Company's website at:
NetDimensions publishes Interim Results
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