18th Apr 2016 07:52
LONDON (Alliance News) - NetDimensions (Holdings) Ltd Monday reported a narrowed pretax loss for 2015, boosted by a strong performance in its largest market, North America.
The software and services company reported a pretax loss of USD1.9 million for 2015, narrowed from the pretax loss of USD5.0 million it reported in 2014, as revenue rose to USD25.4 million from USD22.7 million.
NetDimensions said the North American region made up 46% of its revenue in 2015, and it saw revenue up 25% in this market to USD11.6 million from USD9.3 million as it won a number of new clients, including government agencies.
The company also attributed its narrowed loss to lower overheads within its professional services division following restructuring and lower spend on sales and marketing.
"The company made solid progress in 2015 in terms of revenue growth, substantially reducing the reported loss and increasing the focus on high consequence industries. The company will continue to invest in software engineering to provide a product that is best in class for high consequence use cases," said Chairman Graham Higgins.
Shares in NetDimensions were untraded Monday morning. They last traded at 57.00 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
NETD.L