7th Apr 2014 09:33
LONDON (Alliance News) - NetDimensions (Holdings) Ltd Monday raised its full-year dividend despite seeing a widened pretax loss, as it upped its headcount and increased investment in 2013.
NetDimensions posted a total dividend of 1.0 cent, up from 0.8 cent in 2012.
The company posted a pretax loss of USD4.9 million, widened from USD201,425 in 2012, despite seeing revenue rise to USD16.2 million from USD13.8 million, as it increased investment as part of its three-year business plan.
NetDimensions invested USD4.9 million during the year, including USD3.4 million to increase headcount. NetDimensions added 37 new hires during the year, taking its total employees to 167. It also appointed several new senior executives during the year, including a new Chief Financial Officer and chief sales officer.
NetDimensions said that the investment phase of its three-year business plan had been substantially completed in 2013, and it would now maintain focus on high consequence industries, meaning those that are heavily compliant and heavily regulated.
Revenue was boosted by the company's new healthcare division NetDimensions Healthcare, established March 1 following its acquisition of eHealthcareIT, which posted revenues of USD1.3 million for the year.
The company's performance also benefited from an increased focus on direct sales, leading to a larger average first-year deal size with new clients, up to USD101,000 from USD71,000,
The company expressed optimism for 2014 following the completion of the investment phase, saying it will continue to explore new markets and opportunities for expansion with its bolstered management team.
Shares in NetDimensions were trading down 1.4% at 73.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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