NetDimensions expects its first half results to be in line with management’s expectations, the education and training software provider has said.
In a business update for the six months to 30 June 2012, the Aim-listed firm said that “strong trading” during the first half had been driven by a number of key contracts. By way of example it cited last month’s announcement that casual wear company Metersbonwe will be implementing its talent management software Talent Suite for its 20,000 employees.
Revenue, profit before tax and earnings per share are all in line with management’s expectations, the firm said. Cash at 30 June 2012 was approximately $7.7 million (£4.9 million), up from $5.9 million the same period last year.
The group said that trading at the beginning of the second half has given management confidence that the group will deliver full year results in line with market expectations.
Chief executive Jay Shaw said: "We continue to work hard on sales, marketing, client services and the development of new and improved functionality in our core offerings. The first half came in on target. We are now focused on second half business.”
In April, NetDimensions posted a 48% increase in income, to $12.3 million (£7.6 million), for the year ended 31 December 2011. Adjusted profit before tax soared 189% to $1 million, up from £400,000 in 2010.