NETD.L Share News (NETD)

LONDON (Alliance News) - NetDimensions Holdings Limited said Tuesday revenue and invoiced sales were "substantially higher" in the first quarter, and that it added 17 new clients during the period.

The performance, knowledge, and learning management systems provider said in a quarterly update for the three months to March-end 2014 that invoiced sales to clients in "high consequence industries" represented 82% of total invoiced sales for the quarter, up from 66% in the comparable period last year, in line with its strategy of becoming "the leading supplier of Talent Management Systems and related compliance solutions to highly regulated industries," said the firm.

During the period NetDimensions added 17 new clients, compared to 11 for the comparable quarter in 2013. Of the new clients, 65% were in high consequence industries including Healthcare, Financial Services, Transportation, Telecommunications and Precision Manufacturing, said the firm, up from 55% of new clients last year.

The proportion of invoiced sales from new business was 41%, up from the 38% comparative, which NetDimensions said provided further evidence that its investment is beginning to show a return.

"The first quarter performance was excellent and provides the Company with a solid start to the current financial year. It is particularly pleasing to see a high proportion of new business in the quarter which gives us confidence that the investment we made as part of the Business plan is beginning to provide a return," said Chief Executive Jay Shaw.

Shares in the company were trading 9.63% higher at 74.00 pence per share Tuesday, one of the biggest gainers on the AIM All-Share market.

By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance

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