Update: SaaS and services drive very strong growth
NetDimensions (AIM: NETD, OTCQX: NETDY) has reported H114 revenues in line with the July trading update, with 40% growth to $9.1m. The growth was driven by the focus on Secure SaaS (50% growth) and Professional services (88% growth) and is an early indication that the new business plan is well on track for success. The investment phase of the new business plan has been substantially completed and the group is now focused on driving growth both organically and by selective acquisition. NetDimensions benefits from an attractive industry backdrop with growth in the high teens. Nevertheless, the group’s US peers continue to trade at significant EV/sales premiums and we believe it is only a matter of time for a significant re-rating if management can successfully manage the growth.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.