26th Apr 2016 09:21
LONDON (Alliance News) - Software and services company NetDimensions (Holdings) Ltd on Tuesday said revenue and invoiced sales in the first quarter met its expectations.
The company also said its adjusted earnings before interest, taxation, depreciation and amortisation loss for the quarter was substantially narrowed from a year earlier.
"I am pleased with the performance of the company in the first three months of this financial year. In particular the better adjusted EBITDA loss and strong operating cash flows in first quarter demonstrate that the company is making good progress in 2016," said Chief Executive Jay Shaw.
NetDimensions shares were down 2.4% to 60.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
NETD.L