12th Oct 2015 10:11
LONDON (Alliance News) - NetDimensions (Holdings) Ltd on Monday expressed confidence for its final quarter, as it reported a rise in revenue and invoiced sales for its third quarter.
The business software and services company said invoiced sales from its software-as-a-service product rose 40% in the quarter to end-September to USD2.8 million, up from USD2.0 million a year before, whilst revenue rose 25% to UDS2.6 million from USD2.1 million.
During the quarter the average first-year contract value from direct new client wins increased 5% compared to the previous year.
"We are pleased with the growth in business in the third quarter of the current year, in particular the growth in SaaS. This provides us with confidence going into the final quarter of the year," said Chief Executive Officer Jay Shaw in a statement.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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