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NetDimensions (Holdings) Limited - Final Results

HONG KONG, CHINA--(Marketwired - Apr 7, 2014) - (LSE: NETD) (OTCQX: NETDY)

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

Final Results for the Year Ended 31 December 2013

NetDimensions (LSE: NETD) (OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to announce its final results for the year ended 31 December 2013.

Financial Highlights

  • 17% revenue growth to US$16.2M (2012: US$13.8M)

  • 36% revenue growth in our global hosted secure Software as a Service ("SaaS") offering to US$6.1M (2012: US$4.5M)

  • 55% revenue growth in the key North America market to US$6.8M (2012: US$4.4M)

  • 25% increase in deferred revenue to US$7.6M (2012: US$6.1M)

  • 13% increase in net cash to US$7.7M (2012: US$6.8M)

  • 25% increase in Dividend payment to US$1.0 cent (GBP 0.6 pence) per ordinary share (2012: US$0.8 cent or GBP 0.5 pence)

Operations Highlights

  • US$6M raised from share placing in May 2013

  • US$5M finance facility with Silicon Valley Bank completed in September 2013

  • Formation of NetDimensions healthcare on the back of the US$3.5M acquisition of eHealthcareIT in March 2013

  • Launch of NetDimensions Denmark to service the Nordics Market (Norway, Sweden, Finland and Denmark). The Nordic countries have large global businesses, many of which operate in high consequence industries offering good potential for NetDimensions to grow its Business in this region

  • Headcount increased by 37 (28%) to 167 with sales quota carrying heads increasing by 12 (71%) to 29

  • 67 new clients added through direct and reseller channels 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

Roger Durn, Chairman of NetDimensions, commented: "The major investment phase of the three-year Business plan was substantially completed in 2013. The current financial year is about maintaining focus on high consequence industries such as healthcare, life sciences, financial services, energy, manufacturing and transportation. The Company continues to make progress towards achieving its goal of becoming a leading provider of Talent Management Systems and related compliance solutions for high consequence industries, and will continue to drive recurring revenue growth to achieve long-term sustainable profitability."

The annual report will be available on the Company's website and sent to shareholders shortly.

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

bob@walbrookpr.com

Helen Creswell

helen@walbrookpr.com

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