NETD.L Share News (NETD)

Online training and compliance group NetDimensions drove first-quarter revenues 'substantially' higher than year-on-year thanks to a healthy flow of new business.New wins have accelerated to 17 from 11 year-on-year, with invoiced sales to clients in 'high-consequence industries' representing 82% of total invoiced sales for the quarter, up from 66%.Chief Executive Jay Shaw said: "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."Broker Panmure Gordon added that the strong sales wins were testimony that the 12 new sales heads added in 2013 were beginning to deliver. "In our view, the '$50m in five years' plan is edging ever closer as NetDimensions becomes the leading supplier of Talent Management Systems and related compliance solutions," the broker wrote. The NetDimensions share price was up 5.19% to 71p by 12:15 on Tuesday.OH