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NetDimensions First-Quarter Revenue Rises

Tue, 28th Apr 2015 07:08

LONDON (Alliance News) - NetDimensions (Holdings) Ltd saw its shares rise early Tuesday after it said its revenue and invoiced sales for the first quarter were "substantially ahead" of a year earlier.

In a statement, the software and services company said it added new clients with contracts worth a total of USD1.2 million in the quarter ended March 31, compared with USD873,000 a year earlier.

The average first year invoiced sales value for these new clients increased to USD154,000 from USD73,000. Invoiced sales from new business for the quarter increased to USD2.2 million from USD1.7 million.

"The board is pleased with the growth in new business in the first quarter of the current year when compared to the prior year. The growth in the first quarter, which is typically our quietest quarter, provides us further confidence for the full year," Jay Shaw, chief executive, said in a statement.

NetDimensions shares were up 6.5% at 86.82 pence Tuesday morning.

By Samuel Agini; samagini@alliancenews.com; @samuelagini