NetDimensions ends year on a strong top note

Training systems provider NetDimensions continued the pace it set during the year, with a 10% lift in revenue to $13.5m, putting it in line with market expectations. Today’s positive end of year trading update reflects the growth focus the company has held through the year, particularly progress in international sales which have been ramping up (see NetDimensions punches above its weight). Adjusted PBT is likely to be a minimum of $0.1m but probably a loss on an IFRS basis due to investment in global sales expansion and research and development operations. The details will be available in April when the full results are released but in the meantime there are plenty of positives e.g. invoiced sales up 15% to $15.3m, deferred revenue up 38% to $6.2m, which provide good visibility and a strong push into 2013.