15th Jul 2014 09:42
LONDON (Alliance News) - NetDimensions Holdings Ltd said in a business update Tuesday it has seen a strong performance in the half year to end-June, as revenue rose 40%.
The software and services company said it had seen revenue of USD9.1 million, up 40% from USD6.5 million in the same period the previous year, driven by its Software-as-a-Service products.
The company said it had continued to focus on supplying software via its global Secure SaaS offering, which saw revenues rise to USD3.9 million from USD2.6 million.
Invoiced sales were up to USD9.1 million, up from USD6. 1million, of which sales to clients in "high-consequence" industries were 83%. NetDimensions said the industries its considers high-consequence include healthcare, financial services, transportation, telecommunications and precision manufacturing.
It added 32 new clients in the half year, down from 34 in the previous year, with an average deal size for new clients of USD93,000, up from USD63,000.
Deferred revenue was up 40% to USD7.6 million from USD5.5 million, of which USD4.8 million will be recognised in the second half of the year.
"This performance, along with the deferred revenue, gives management confidence going forward," said Chief Executive Jay Shaw in a statement.
Shares in NetDimensions were trading up 0.1% at 70.10 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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