NetDimensions revenue improves as its board courts suitors

Performance, knowledge and learning management systems provider NetDimensions posted a trading update for the three months to 30 September on Thursday.

The AIM-traded firm said revenue and invoiced sales for the third quarter were both slightly ahead of the comparable period for the previous year.

It said the revenue from its global secure software-as-a-service offering increased by 5% and the revenue from licenses increased by 13% over the period.

On 5 October, the board of NetDimensions also announced that it had received an approach which may or may not lead to an offer being made for the entire issued share capital of the company.

The firm’s directors said they continue to engage with interested parties and a further announcement will be made in due course.

“I am pleased with our revenue growth in the third quarter, particularly the growth in our higher-margin SaaS and license business.,” said CEO Jay Shaw.

“As in previous years, the full-year outlook depends on closing final quarter sales. We have a number of good opportunities in hand and continue to focus on generating new business and controlling operating expenses.”