Sep 16th 2013 - Edison Investment Research today published a report on NetDimensions Holdings (NETD.L, LSE:NETD, LON:NETD) entitled "Growth Plans Are On Track". In summary, the report says:
NetDimensions (AIM:NETD, OTCQX:NETDY) is firmly on track to meet our forecasts, having produced 11% growth in H1 revenues, including 25% growth from the group’s global hosted secure SaaS platform. The group has been hiring at pace, in line with the new business plan announced in May, which aims to achieve $50m revenues within five years. The hiring includes five senior managers in the year to date, along with an expanded sales force, which we expect will begin to have an impact from Q4. We see significant upside potential in the shares if the growth strategy is successful, as US peers trade on very steep valuation multiples.
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