The share price of Diligent Board Member Services [NZX:DIL] rose as much as 2 percent after the provider of software for company directors posted record sales in 2012.
Diligent says fourth-quarter new sales of $US6.4 million ($NZ7.6 million) took annual new sales to $US26.3 million, a 66 percent increase over the previous year.
The Asia-Pacific region experienced exceptional growth in the quarter, notching up a 398 percent rise on the same quarter last year.
Total revenue of $US13.6 million in the quarter took full-year revenue to $US43.7 million, up 143 percent on the prior year.
Revenue from client upgrades totalled $US1.8 million in the fourth quarter and $US6.8 million in the year.
The client retention rate for 2012 was 97 percent.
The software-as-a-service (Saas) company added 193 new clients in the fourth quarter, down from 203 in the same quarter last year but new client agreements for the year were up at 782 from 570 in the previous year.
The company now has 52,000 users worldwide.
Diligent had cash balances of $US33.4 million at year-end, up from $US9 million the previous year.
"We look forward to delivering another year of strong performance and value to our clients and shareholders in 2013," the company says.
Diligent shares rose as high as $5.60, a cent below the record set on December 27. The shares were last trading up 8c at $5.53, up from $2.35 a year ago.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Xero directors Drury, Winkler and Morgan cash in on 35% share price rally
- Auckland Council ignores free funding advice, chooses to spend $500k
- Ralph Norris spells out reasons for Fonterra board departure
- Dimension Data restructures, top salesman leaves
- China pips Oz as NZ's top annual export destination
Most listened to
- Auckland Councillor Chris Darby on the Council's alternative funding report
- Nevil Gibson discusses his latest Editor's Insight on oil prices
- Campbell Gibson, Nick Grant and Chelsea Armitage chat about the inner workings of New Zealand media
- Paul Brislen discusses the 'snake oil' sales tactics of SalesConcepts
- Fonterra chief executive Theo Spierings reveals his ambitious China plan
- UDC Finance chief executive Wayne Percival talks about the company's profit
- Hamish McNicol discusses the latest court stories
- Trilogy International CEO Angela Buglass reviews another bumper result
- Eroad CEO Steven Newman talks about his company's revenue increase
- What do the latest terrorism attacks in Mali and Israel mean? Nathan Smith discusses the latest foreign affairs news
- NZ Windfarms departing director Michael Stiassny speaks out after board exit
- James Mayo talks about SOS Hydration's growth plans after Snowball offer