NetDimension to beat FY expectations

Shares in NetDimensions, which makes staff training technology, jumped this morning after it said full year profits would come in ahead of expectations.

The firm said it enjoyed a strong performance in the final quarter of the year, making its shares popular with investors who pushed them up over 7% in morning trading.

The company said it continued to generate cash and held around $6.9m at the year-end, compared to $6m at the end of 2010.

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Chief executive Jay Shaw said the firm had taken on new clients and increased its total number of users, despite the worsening situation in the eurozone.

"NetDimensions will continue to grow our business organically and strategically in 2012 through stronger product offerings and expansion of sales coverage in the growing emerging markets to stay competitive in the uncertain global economy," he said.