13th Apr 2015 08:17
LONDON (Alliance News) - NetDimensions (Holdings) Ltd Monday posted a slightly widened pretax loss for 2014, as revenue growth was offset by a rise in operating expenses, following the expansion and re-organisation of its Global Services division last July.
NetDimensions proposed a final and total dividend of USD0.9 cent, down from USD1.0 cent in 2013. In sterling terms, the final dividend increased to 0.625 pence from 0.6p due to the weaker pound.
The software and services company posted a pretax loss of USD5.0 million for 2014, widened slightly from USD4.9 million in 2013, as a rise in revenue to USD22.7 million from USD16.2 million was offset by an increase in selling and operating expenses.
NetDimensions re-organised its global services division last July, which it said at that time would require some additional investment, including expanding headcount.
The company said Monday that its active user numbers rose to 4.4 million from 3.1 million during the year.
NetDimensions attributed its rise in revenue to bigger deals with new clients as a result of focusing on direct sales and what it calls "high consequence industries", meaning those that are heavily compliant and heavily regulated.
In particular, it saw a rise in revenue from the Europe, Middle East and Africa market to USD10.6 million from USD7.1 million on the back of client wins in such high consequence industries, particularly in manufacturing.
"This acceleration in the rate of revenue growth provides the board with confidence that the company's strategy of focusing on high consequence industries is beginning to deliver results," said Chairman Roger Durn in a statement.
Shares in NetDimensions are trading down 1.3% at 75.50 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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