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NetDimensions to beat expectations

Fri, 15th Jan 2010 10:12

Shares in NetDimensions rallied after the software supplier said it expects revenue growth for the year to result in both revenue and profit being ahead of market forecasts.The firm said it has maintained a strong cash position without recourse to borrowings of any kind, with cash balances on 31 December of $7.4m. This compares with 30 June 2009 of $6.8m and 31 December 2008 of $5.3m. This equates to approximately 18.6p in cash per share (30 June 2009; 16.5p in cash per share: 31 December 2008; 14.7p in cash per share).'Although markets continue to be challenging, this represents a strong performance for 2009 made possible by the quality of our products and the hard work and dedication of our staff,' said chief executive Jay Shaw.NetDimensions will announce full year results in April 2010.