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NetDimensions (Holdings) Limited - Trading update

HONG KONG, CHINA -- (Marketwired) -- 01/07/14 --

OTCQX: NETDY




                   NetDimensions (Holdings) Limited
                 ("NetDimensions" or the "Company")

          Trading Update for the 12 months to 31 December 2013

NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of
performance, knowledge, and learning management systems, is pleased to
provide a trading update for the 12 months to 31 December 2013
(the"period").

Sales revenue and invoiced sales for the period are likely to be
substantially higher than for the prior year. Company management expect
to report full-year 2013 GAAP revenue comfortably in excess of the
consensus forecast of US$15.8M and to report invoiced sales of some
US$17.6M. These results were helped by a particularly strong
performance in the second half with both sales revenue and invoiced
sales growing by more than 20% from the second half of 2012.

In addition, the full year loss before interest and certain non-cash
items will likely be substantially lower than current market
expectations. The Company ended 2013 with no debt, more than US$7.7M in
cash and some US$6.6M in short-term receivables.

The Board is particularly encouraged by the performance of the
Company's Software as a Service ("SaaS") business. SaaS sales revenue
in the period is likely to be in the region of US$6.1M (2012: US$4.5M),
an increase of 36% over the prior year. The shift to SaaS is a result
of the Board's strategy to position the Company as a primarily SaaS
business with the benefits of more predictable recurring revenue and
greater opportunities for up-selling.

The Company continues to target clients in high-consequence industries
in line with the business plan. We are pleased to report that we added
67 new clients in the period, including Royal Caribbean Cruises
Limited, KPMG LLC, General Mills (Haagen-Dazs), Omron, Jaguar Land
Rover Limited, Globus Medical, Babcock, BCD Travel, Digicel Group,
Emdeon, The Nature Conservancy and Musculoskeletal Transplant
Foundation. The new clients operate in a variety of industries,
including high-consequence industries such as transportation and
logistics, automobile manufacturing and distribution, law enforcement,
financial services, precision engineering, life sciences and
healthcare.

The deferred revenue balance at the end of 2013 will likely be in the
region of US$7.6M (2012: US$6.1M), an increase of 25% over the prior
year. Management expect almost all of the 2013 deferred revenue to
convert to GAAP revenue in 2014, providing the Business with a solid
start to the new year."The sales revenue and invoiced sales numbers for the
second half were
very encouraging, in fact substantially ahead of the prior year
numbers," said Chief Executive Officer Jay Shaw. "These figures give us
confidence that the plan we started to implement in May 2013 can and
will deliver substantial revenue growth over the next few years," he
added. "I am particularly pleased with the performance of our SaaS
learning, performance and analytics offerings. We intend to grow these
revenue lines aggressively."


Enquiries:

NetDimensions (Holdings) Limited                Tel: +852 2122 4500
Jay Shaw
Matthew Chaloner

Panmure Gordon (UK) Limited (Nomad & Broker)    Tel: +44 20 7886 2500
Fred Walsh
Ben Roberts

Walbrook PR Ltd (Financial Public Relations)    Tel: +44 20 7933 8792
Bob Huxford                                     [email protected]
Helen Cresswell                                 [email protected]



About NetDimensions

Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a
global provider of performance, knowledge, and learning solutions.

NetDimensions provides companies, government agencies and other
organizations with talent management solutions to personalize learning,
share knowledge, enhance performance, foster collaboration, and manage
compliance programs for employees, customers, partners and suppliers.

Recognized as one of the talent management industry's top-rated
technology suppliers in overall customer satisfaction, NetDimensions
has been chosen by leading organizations worldwide including ING,
Cathay Pacific, Hunter Douglas, Chicago Police Department, Geely
Automotive, Fugro Group and Fresenius Medical Care.

The NetDimensions Interactive business unit provides content and
application development services to personalize the learning
experience.

NetDimensions is ISO 9001 certified and NetDimensions hosted services
are ISO 27001 certified.

For more information, visit www.NetDimensions.com or follow
@netdimensions on Twitter.





                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

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