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.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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.
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published