NETD.L Share News (NETD)

LONDON (Alliance News) - Software and services company NetDimensions (Holdings) Ltd Tuesday said it expects a stronger performance in the remainder of its current financial year, as revenue for its first half rose 16%.

The company said its revenue for the six months to end-June was USD10.6 million, up from USD9.1 million a year before. NetDimensions added a number of new clients in sectors including financial services, healthcare and manufacturing, it said.

Invoiced sales increased to USD9.8 million from USD9.1 million. The average deal size for direct new clients more than doubled to USD209,000 from USD93,000, and the number of active users at the end of the half year was 3.9 million, compared to 3.7 million a year before.

"We are pleased to report another period of revenue growth which is in line with management's expectations. The business is typically second half weighted and we would therefore expect a stronger performance in the remainder of the current financial year," said Chief Executive Officer Jay Shaw in a statement.

Shares in NetDimensions were up 4.8% at 84.85 pence Tuesday morning.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

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