NetDimensions (AIM: NETD, OTCQX: NETDY) grew revenues by 12% in FY15 to $25.4m, vs January’s guidance of c $25.0m. The adjusted loss was better than we expected at $0.7m (we forecast a $2.5m loss), with gross margins and operating costs both better than expected. The industry outlook remains favourable and the group’s US peers have rebounded recently, in the wake of a two-year bear market. These peers continue to trade at significant EV/sales premiums and hence we still believe NE
18 Apr 2016
Secure SaaS grows 23% in H2
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Secure SaaS grows 23% in H2
NetDimensions (AIM: NETD, OTCQX: NETDY) grew revenues by 12% in FY15 to $25.4m, vs January’s guidance of c $25.0m. The adjusted loss was better than we expected at $0.7m (we forecast a $2.5m loss), with gross margins and operating costs both better than expected. The industry outlook remains favourable and the group’s US peers have rebounded recently, in the wake of a two-year bear market. These peers continue to trade at significant EV/sales premiums and hence we still believe NE