12th Jan 2015 08:36
LONDON (Alliance News) - NetDimensions (Holdings) Ltd said Monday in a trading update that its full year loss before interest and some non-cash items for 2014 is likely to be smaller than current market expectations.
The software and services company expects to post a full-year 2014 generally accepted accounting principles revenue of over USD22 million, which it said is ahead of consensus forecasts of USD20 million. It said that sales revenue and invoiced sales for 2014 are likely to be "substantially higher than for the prior year".
"The company saw an acceleration in the rate of growth for the year with substantial increases in revenue reported across healthcare, global services and our global hosted secure Software as a Service offering. This provides the board with continued confidence going into 2015," said Chief Executive Officer Jay Shaw in a statement.
Shares in NetDimensions are trading up 12% at 84.80 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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